Revenue Expectations - The company expects to record revenue between RMB 180 million and RMB 190 million for the six months ending September 30, 2024, compared to approximately RMB 250 million for the same period last year, indicating a decline of about 28% to 32%[3]. - The decline in revenue is primarily due to a reduction in the number of projects and longer cash collection cycles, which the company has actively managed[4]. Profit and Loss - The anticipated loss attributable to shareholders for the reporting period is between RMB 13 million and RMB 15 million, a significant shift from a profit of approximately RMB 2.8 million in the same period last year[3]. - Increased market competition has led the company to adjust pricing on new projects to secure long-term clients, contributing to the expected loss[4]. Future Outlook - The company remains optimistic about future performance and will continue to focus on technology product development and talent cultivation to enhance competitiveness[4]. - The company aims to capitalize on opportunities in the energy internet and new infrastructure sectors in mainland China[4]. - The actual performance for the reporting period may differ from the preliminary estimates provided, as the figures have not been audited[4]. - The mid-term performance report is expected to be published by the end of November 2024, providing more detailed insights[4].

Company Overview - The company is incorporated in the Cayman Islands and has a stock code of 1933[1]. - The principal place of business in the PRC is located in Beijing, China[4]. - The company has a registered office in Grand Cayman, Cayman Islands[3]. - The auditor for the company is KPMG Certified Public Accountants[3]. - The company provides investor information and financial reports on its official website[6]. Management and Board of Directors - The board of directors includes key executives such as Wang Dongbin (Chairman), Wu Zhanjiang (CEO), and Wu Hongyuan (Executive President)[10]. - The board comprises seven directors, including executive and independent non-executive members, ensuring a diverse range of skills and experiences[172]. - The Chairman, Mr. WANG Dongbin, is responsible for providing leadership to the Board and ensuring effective communication with shareholders and stakeholders[188]. - The Chief Executive Officer, Mr. WU Zhanjiang, is responsible for managing the Group's businesses and ensuring the successful implementation of Group policies[189]. - The Board meets regularly, at least four times a year, and receives quarterly updates on the Group's performance and business activities[195]. Financial Performance - The Group's revenue for the year ended March 31, 2024, was RMB 490,552,000, an increase of approximately RMB 40,691,000 compared to RMB 449,861,000 for the previous year[78]. - Revenue from the sale of software and solutions increased by approximately RMB 83,043,000, driven by higher demand from power grid companies for maintenance and upgrades of their power information systems[79]. - Revenue from the provision of technical services decreased slightly by approximately RMB 9,533,000, as the Group continued to provide technical maintenance services to grid companies and energy enterprises[79]. - Revenue from the sale of products decreased by approximately RMB 32,819,000, primarily due to the completion of sales contracts for ubiquitous power IoT products in the previous year[79]. - Employee benefit expenses for the year ended March 31, 2024, totaled RMB 99.8 million, down from RMB 104.1 million in the previous year[132]. Research and Development - The company focuses on technological research and development in smart city IoT and smart energy IoT sectors[15]. - The Group has achieved CMMI level 5 and holds 25 national patents and 185 software copyrights, showcasing its technological expertise and commitment to quality[73]. - The Group's R&D expenditure decreased by approximately 18.1% compared to the previous year, with a total of 25 patents and 185 software copyrights registered in China as of March 31, 2024[95]. - The company emphasizes significant annual investment in research and development (R&D) to foster innovation and new product development, which is crucial for sustainable growth[158]. Market and Industry Trends - In 2023, China's total electricity consumption reached approximately 9.2 trillion kWh, a year-on-year increase of approximately 6.7%[40]. - Clean energy generation, including hydropower, nuclear power, wind power, and solar power, amounted to approximately 3,190.6 billion kWh, reflecting a year-on-year growth of approximately 7.8%[40]. - The total market trading electricity organized by power trading centers in 2023 was approximately 5.67 trillion kWh, a year-on-year increase of approximately 7.9%, accounting for approximately 61.4% of total social electricity consumption[41]. - By the end of 2023, the number of new energy vehicles in China reached approximately 20.4 million, representing about 4.7% of the total number of vehicles[46]. Corporate Governance - The company adheres to high standards of corporate governance, ensuring transparency, accountability, and effective risk management practices[162]. - The corporate governance framework is designed to safeguard the interests of shareholders and stakeholders while maximizing long-term shareholder wealth[165]. - The company is committed to continuous improvement of its corporate governance practices to align with ethical standards and stakeholder interests[166]. - The Board has assessed the independence of all Independent Non-Executive Directors (INEDs) and considers all of them to be independent, meeting the one-third requirement under the Listing Rules[180]. Employee and Talent Management - The total number of employees decreased to approximately 517 as of March 31, 2024, from approximately 538 in the previous year[132]. - High-quality talent retention is essential for the company's success, and competitive compensation, benefits, and promotion mechanisms are in place to attract and retain top talent[161]. - The company aims to provide competitive salaries and benefits to retain high-caliber staff amidst increasing industry competition[157]. Risks and Challenges - The rapid growth of accounts receivable has notably impacted the company's cash flow, increasing the demand for operational funding, with potential risks of cash shortages if receivables are not collected on time[159]. - The Group's reliance on major customers poses a risk if their investment plans or procurement models change[145]. - The Group's trade receivables increased significantly, which may impact cash positions and increase the demand for working capital investments[154]. Future Outlook - The Group aims to expand its energy digital business scale and create new value through platform data accumulation and AI technology application[55]. - National policies are expected to provide historic development opportunities for the Group's business development in the energy and technology industry[54]. - The Group is positioned to benefit from the strategic policies in China aimed at achieving 100% localization of information technology systems by 2027[62].

Financial Performance - For the fiscal year ending March 31, 2024, the company reported a revenue of RMB 490,552,000, an increase of approximately RMB 40,691,000 or 9.0% compared to the previous year[4]. - Gross profit for the year decreased to RMB 77,078,000, down RMB 17,801,000 or 18.8%, with the overall gross margin declining from approximately 21.1% to 15.7%[4]. - Shareholders' profit attributable to the company was RMB 8,357,000, a decrease of RMB 24,213,000 compared to the previous year, primarily due to lower gross profit and increased impairment losses[4]. - The company's total revenue for the year ended March 31, 2024, was RMB 490,552,000, an increase from RMB 449,861,000 in the previous year, representing an increase of approximately 9.1%[24]. - The total cost of sales increased to RMB 413,474,000 from RMB 354,982,000, reflecting a year-on-year increase of approximately 16.4%[24]. - The overall gross margin decreased from approximately 21.1% to 15.7%, primarily due to increased personnel costs for technical support and intensified market competition[15]. - The company registered a net profit of RMB 8,357,000 for the year, down from RMB 32,570,000 in the previous year, indicating a decline of approximately 74.3%[26]. - The company reported a pre-tax profit of RMB 8,436,000 for 2024, significantly lower than RMB 34,015,000 in 2023, a decline of 75.2%[52]. - The company's other income decreased to RMB 2,173,000 in 2024 from RMB 6,092,000 in 2023, a decline of 64.3%[54]. - The company's income tax expense for 2024 was RMB 79,000, a significant decrease of 94.5% compared to RMB 1,445,000 in 2023[61]. - The total tax expense calculated based on applicable tax rates for 2024 was RMB 2,413,000, down 72.6% from RMB 8,796,000 in 2023[61]. Revenue Breakdown - Revenue from software and solutions sales increased significantly by RMB 83,043,000, driven by higher demand for power information systems and related hardware maintenance[14]. - Revenue from software and solutions sales was RMB 177,061,000 in 2024, up from RMB 94,018,000 in 2023, indicating an increase of 88.6%[50]. - The revenue from technical services was RMB 280,587,000 in 2024, compared to RMB 290,120,000 in 2023, showing a decrease of 3.3%[50]. - The revenue from product sales was RMB 32,904,000 in 2024, down from RMB 65,723,000 in 2023, indicating a decline of 50.0%[50]. Expenses and Costs - The company reported an increase in administrative and other operating expenses to RMB 48,498,000, compared to RMB 49,584,000 in the previous year[3]. - The company's administrative and other operating expenses decreased by RMB 1,086,000, or 2.2%, to RMB 48,498,000, mainly due to improved R&D efficiency[17]. - R&D expenses decreased by 18.1% compared to the previous year, totaling RMB 24,510,000[21]. - The total employee costs for 2024 were RMB 99,845,000, a decrease from RMB 104,090,000 in 2023, representing a reduction of 4.8%[55]. - The company's financing costs increased to RMB 3,832,000 in 2024 from RMB 2,592,000 in 2023, an increase of 47.8%[52]. Assets and Liabilities - Trade receivables and notes receivable net value increased by RMB 65,939,000, or 17.3%, reaching RMB 447,732,000 as of March 31, 2024[18]. - The company's inventory and contract costs increased by RMB 39,279,000, primarily due to an increase in the number and scale of ongoing large-scale information technology projects[19]. - The net cash and cash equivalents increased to RMB 62,891,000 from RMB 55,517,000, reflecting a positive cash flow situation[28]. - The total assets less current liabilities increased to RMB 289,068,000 from RMB 272,144,000, indicating growth in the company's financial position[28]. - The group recorded an operating cash outflow of RMB 48,279,000 for the year ending March 31, 2024, compared to an inflow of RMB 3,901,000 in 2023[31]. - The group committed to a non-operating cash outflow of RMB 135,183,000 within one year, including RMB 132,455,000 for bank loan repayments and RMB 2,728,000 for interest payments[31]. - As of March 31, 2024, the group's current assets exceeded its current liabilities by RMB 260,298,000, compared to RMB 248,408,000 on March 31, 2023[31]. - Trade payables rose to RMB 151,932,000 in 2024, up from RMB 136,682,000 in 2023, with third-party trade payables increasing to RMB 145,082,000[88]. - Short-term bank loans increased significantly to RMB 132,455,000 in 2024 from RMB 68,500,000 in 2023, indicating a rise in financial leverage[91]. Corporate Governance and Compliance - The company has complied with all corporate governance codes as per the listing rules, ensuring transparency and accountability[97]. - The company has maintained a high level of corporate governance, emphasizing effective risk management and internal control systems[96]. - The group’s consolidated financial statements for the year have been reviewed by the audit committee and audited by KPMG, with no reservations noted in the independent auditor's report[107]. - The company has actively engaged in corporate social responsibility initiatives to strengthen community ties and promote sustainable development[105]. Future Outlook and Strategy - The company aims to leverage opportunities in the new energy sector and the construction of new power systems, focusing on expanding its energy digitalization business and creating new value[12]. - The company plans to deepen its digital transformation in the energy sector, expanding its services to include water, gas, heat, and oil industries[9]. - The company is committed to enhancing its digital capabilities to meet the personalized demands in the energy services sector as market prices become more volatile[9]. Joint Ventures and Collaborations - The company's share of the joint venture, Beijing Beikong Zhike Energy Internet Co., Ltd., reported total assets of RMB 11,353 in 2024, compared to RMB 12,293 in 2023, a decrease of about 7.6%[79]. - The revenue from the joint venture increased to RMB 3,980 in 2024 from RMB 3,311 in 2023, representing a growth of approximately 19.9%[79]. - The net assets of the joint venture increased slightly to RMB 8,342 in 2024 from RMB 8,317 in 2023, showing a marginal growth of about 0.3%[79]. Miscellaneous - The company did not recommend a final dividend for the year, consistent with the previous year[100]. - There have been no significant post-reporting period events that could impact the group from April 1, 2024, to the date of this announcement[108]. - The annual performance announcement will be published on the company's website and the Hong Kong Stock Exchange website[109]. - The board expresses gratitude to the management team, employees, partners, customers, suppliers, and shareholders for their support and trust in achieving the group's vision[111].

Energy Consumption and Market Trends - For the six months ended September 30, 2023, the total electricity consumption in China was approximately 4.31 trillion kilowatt hours, representing a year-on-year increase of approximately 5.0%[16] - The electricity market reform is advancing, with an increasing emphasis on integrated renewable energy and the electrification of energy consumption, leading to greater price fluctuations[17] - The digital economy's continuous development is expected to create significant market opportunities for the energy industry, facilitating the large-scale application of digital products[13] Company Overview and Strategy - The Group has been engaged in the energy information technology industry for 27 years, positioning itself as a leading technology enterprise in this sector[21] - The Group aims to leverage the construction of the new power system, with a focus on the transformation period from now to 2030, and further phases extending to 2060[21] - The Group is positioned to leverage opportunities in the evolving energy market, particularly with the integration of electric power, information, and IoT industries[24] Financial Performance - The Group's revenue for the six months ended 30 September 2023 was approximately RMB253,685,000, an increase of about RMB74,309,000 compared to the same period in 2022[32] - Revenue for the six months ended September 30, 2023, increased to RMB 253,685,000, representing a 41.3% growth compared to RMB 179,376,000 in the same period of 2022[166] - Gross profit for the same period was RMB 40,990,000, up 20.2% from RMB 34,081,000 year-over-year[166] - Profit for the period attributable to equity shareholders decreased to RMB 2,821,000, down 70.9% from RMB 9,703,000 in the prior year[168] - Basic earnings per share for the period were RMB 0.57, a decline of 70.9% compared to RMB 1.96 in the same period last year[166] Revenue Breakdown - Revenue from the sale of software and solutions increased by approximately RMB23,675,000, driven by large-scale information construction projects from major energy enterprises[34] - Revenue from the provision of technical services rose by approximately RMB43,371,000, attributed to the expansion of service types and scope for customers like China Southern Power Grid[34] - Revenue from the sale of software and solutions was RMB 64,330,000, up 58.3% from RMB 40,655,000 in 2022[199] - Revenue from the provision of technical services increased to RMB 166,650,000, representing a 35.1% rise from RMB 123,279,000 in the previous year[199] - The sale of products generated revenue of RMB 22,705,000, an increase of 47.1% compared to RMB 15,442,000 in 2022[199] Research and Development - The Group is accelerating its investment in research and development, focusing on spatiotemporal big data and artificial intelligence technologies[27] - R&D expenditure for the six months ended September 30, 2023, was RMB 17,913,000, up approximately RMB 10,739,000 compared to RMB 7,174,000 for the same period last year[46][47] Corporate Governance - The company has complied with all provisions of the corporate governance code during the reporting period[77] - The company maintains a high level of corporate governance to enhance shareholder value and protect stakeholder interests[80] - The company emphasizes effective risk management and internal control systems as part of its governance framework[80] Shareholder Information - As of September 30, 2023, Wang Dongbin, Li Kangying, and Wu Zhanjiang each hold 60,000,000 shares, representing approximately 11.91% of the company's shares[82] - The interests of substantial shareholders include Xiong Weiqin, An Ning, and Zhang Jianhua, each holding 60,000,000 shares, also approximately 11.91%[91] - Long Eagle and Toplight Management Limited each hold 60,000,000 shares, representing approximately 11.91%[93] Cash Flow and Financial Position - For the six months ended September 30, 2023, the Group recorded a net operating cash outflow of RMB 61,453,000, compared to RMB 19,184,000 for the same period in 2022[182] - The Group's cash used in operations increased significantly to RMB 61,423,000 for the six months ended September 30, 2023, from RMB 19,101,000 in the same period of 2022[179] - The Group's current assets exceeded current liabilities by RMB 256,799,000 as of September 30, 2023, up from RMB 248,408,000 on March 31, 2023[185] Employee Information - The total number of employees decreased to 455 as of September 30, 2023, from 538 as of March 31, 2023[65][70] - Total employee benefit expenses for the six months ended September 30, 2023, were approximately RMB 48,842,000, slightly up from RMB 48,593,000 for the same period last year[65][70] Other Financial Metrics - The Group's overall gross profit margin decreased from approximately 19.0% to 16.2%, primarily due to rising outsourcing labor costs[36] - The carrying amount of trade and bill receivables and contract assets was approximately RMB468,554,000, reflecting an increase driven by revenue growth[41] - The carrying amount of inventories and other contract costs as of 30 September 2023 was approximately RMB43,017,000, up from approximately RMB19,425,000 as of 31 March 2023[42]

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份內容而産生或因倚 賴該等內容而引致的任何損失承擔任何責任。 OneForce Holdings Limited 元力控股有限公司 (於 開 曼 群 島 註 冊 成 立 的 有 限 公 司) (股 份 代 號: 1933) 截至2023年9月30日止六個月期間之 中期業績公告 財務摘要 截至 2023年 截至 2022年 9月 30日止 9月30日止 六個月 六個月 人民幣千元 人民幣千元 收入 253,685 179,376 毛利 40,990 34,081 股東應佔溢利 2,821 9,703 每股盈利 －基本及攤薄（人民幣分） 0.57 1.96 • 收入：於截至2023年9月30日止六個月期間（「報告期」），元力控股有限公司（「本 公司」，連同其附屬公司合稱「本集團」）錄得營業收入較上年同期增加約人民幣 74,309,000元，漲幅41.4%，主要由於多項能源企業大型信息化建設項目的實施帶來銷售 軟件及解決方案業務增長，及與電網企業合作加深帶來技術服務業務 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of $500 million for the fiscal year, representing a 25% year-over-year growth[3]. - The Group's revenue for the year ended March 31, 2023, was RMB 449,861,000, an increase of approximately RMB 73,157,000 compared to RMB 376,704,000 for the previous year[77]. - Revenue from the sale of software and solutions increased by approximately RMB 12,875,000, attributed to new large-scale information construction projects[78]. - Revenue from the provision of technical services rose by approximately RMB 50,377,000, due to the expansion of service types and the opening of the China Southern Power Grid market[78]. - Revenue from the sale of products increased by approximately RMB 9,905,000, driven by the demand for hardware products in the power IoT sector[78]. - The Group's overall gross profit margin decreased from approximately 23.4% to 21.1%, primarily due to rising labor costs and a slight decrease in product gross margin[79]. - The cost of sales for the year increased by approximately RMB 66,550,000, driven by revenue growth[80]. - The total employee benefit expenses for the year ended March 31, 2023, amounted to RMB 104.1 million, significantly increasing from RMB 38.7 million in the previous year[134]. - The total number of employees increased to approximately 538 as of March 31, 2023, compared to approximately 417 as of March 31, 2022[134]. - Revenue from the Group's five largest customers accounted for over 89% of total revenue for the year ended March 31, 2023[147]. Market Expansion and Product Development - User data showed an increase in active users, reaching 1.2 million, which is a 15% increase compared to the previous year[3]. - The company provided guidance for the next fiscal year, projecting revenue growth of 20% and aiming for $600 million in total revenue[3]. - New product launches included a smart energy IoT device, which is expected to contribute an additional $50 million in revenue in the upcoming year[3]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[3]. - Research and development investments increased by 30%, focusing on enhancing smart city technologies[3]. - The Group is expanding its smart energy services from the power industry to include water, gas, heat, and oil sectors, providing customized digital transformation services[47]. - The Group's intelligent IoT product "π core" is being implemented in smart city projects, contributing to stable income[63]. - The Group's R&D activities require significant investment, and failure to commercialize these investments could adversely affect profitability[153]. - The company emphasizes significant annual investment in R&D activities to foster innovation and develop new products and services, which is crucial for sustainable growth[159]. Strategic Initiatives and Governance - The management emphasized a commitment to sustainability, aiming for a 40% reduction in carbon emissions by 2025[3]. - The board of directors announced a new strategic initiative to explore partnerships with international firms to drive innovation[3]. - The company has a dedicated audit committee and remuneration committee, ensuring robust governance practices[23]. - The company adheres to high standards of corporate governance, ensuring transparency, accountability, and effective risk management practices[163]. - The Board is responsible for directing the company's strategic objectives and overseeing managerial performance, with a focus on long-term shareholder value[171]. - The Board comprises seven directors, including executive and independent non-executive members, and has adopted a diversity policy to enhance the skills and perspectives within the Board[173]. - The company aims to appoint at least one director of a different gender by December 31, 2024, to improve gender diversity on the Board[175]. - The Board has assessed the independence of all Independent Non-Executive Directors (INEDs) and considers all of them to be independent, meeting the one-third requirement under the Listing Rules[181]. - During the year ended March 31, 2023, the Board reviewed the Company's corporate governance policies and practices, including compliance with the Listing Rules and relevant regulations[182]. Financial Position and Risks - The Group's current ratio decreased from 2.02 times as of March 31, 2022, to 1.87 times as of March 31, 2023[100]. - The gearing ratio increased to 6% as of March 31, 2023, up from 4% as of March 31, 2022[101]. - Bank borrowings amounted to approximately RMB73,631,000 as of March 31, 2023, compared to RMB47,520,000 as of March 31, 2022, with fixed interest rates between 2.2% to 4.6% p.a.[104]. - The Group's liquidity position changed due to efforts to explore new business, customers, and markets, leading to increased working capital investment[102]. - The Group's trade receivables increased rapidly, which may impact cash positions and increase working capital demands[155]. - Accounts receivable have increased rapidly alongside business expansion, impacting cash flow and increasing operational funding needs, posing a risk of cash shortages if receivables are not collected on time[160]. - The Group aims to enhance communication with customers to facilitate timely collection of trade receivables[156]. Management Team and Expertise - Mr. Li Yanmin has over 20 years of experience in the electric power selling and management system industry in the PRC[32]. - Ms. Zhou Renzhi, appointed as CFO in December 2020, has more than 10 years of experience in accounting, financial management, and capital operation[33]. - The company has a strong management team with extensive experience in the electric power sector, including independent non-executive directors with over 20 years of relevant experience[29]. - The management team includes professionals with advanced degrees in electricity systems and automation, reflecting a strong technical foundation[30]. - The company is actively involved in investment and acquisition activities, led by its founder and executive director[24]. - The management team is well-versed in both academic and practical aspects of the electric power industry, enhancing decision-making capabilities[28]. Corporate Culture and Employee Relations - The Group recognizes the importance of retaining quality staff and aims to provide competitive salaries and benefits[158]. - High-quality talent retention is essential for the company's success, and competitive compensation, benefits, and promotion mechanisms are in place to attract and retain top talent[162]. - The Group employed approximately 538 employees as of March 31, 2023, up from 417 employees a year earlier[139]. - The Group's employee benefits expenditure totaled RMB 104.1 million, a significant increase from RMB 38.7 million as of March 31, 2022[139].

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份內容而産生或因倚 賴該等內容而引致的任何損失承擔任何責任。 OneForce Holdings Limited 元力控股有限公司 (於 開 曼 群 島 註 冊 成 立 的 有 限 公 司) (股 份 代 號: 1933) 截至2023年3月31日止年度之 全年業績公告 財務摘要 截至 2023年 截至 2022年 3月 31日 3月31日 止年度 止年度 人民幣千元 人民幣千元 收入 449,861 376,704 毛利 94,879 88,272 其他收入 6,092 2,195 行政及其他經營費用 49,584 49,182 減值損失 9,493 8,360 股東應佔溢利 32,570 22,021 每股盈利 －基本及攤薄(人民幣分) 6.57 4.44 • 收入：截至2023年3月31日止年度(「本年度」)，元力控股有限公司(「本公司」，連同 其附屬公司合稱「本集團」)錄得營業收入較上年同期增加人民幣約73,157,000元，漲幅 約19%，主要是由于提供 ...

Energy Sector Transformation - The Group's smart energy business is a cornerstone, driven by the transformation and upgrading of the energy industry, with new market opportunities emerging from distributed technology and energy storage [9]. - The proportion of electric energy in terminal energy consumption needs to reach 35% by 2030 and 70% by 2060, with the current proportion at 28%, highlighting substantial growth potential in the energy sector [13]. - The energy sector is experiencing increased volatility in electricity consumption and prices due to the rise in renewable energy and marketisation of electricity prices [13]. - The Group aims to actively follow the dual-carbon strategy and digitalisation strategy to achieve leapfrog development amidst challenges [7]. - The National Development and Reform Commission's 14th Five-Year Plan emphasizes the construction of a modern energy system, focusing on enhancing power supply coordination and optimizing operational capabilities [8]. Digital Transformation and Urban Development - As of August 2022, the number of mobile IoT connections in China reached 1.698 billion, surpassing the number of mobile phone users for the first time, indicating significant progress in digital transformation across industries [14]. - The Group's second curve, smart life, focuses on applying digital solutions to enhance urban adaptability and improve residents' quality of life [10]. - The Group is committed to leveraging digital capabilities as the main engine for energy companies to meet social electricity demand [13]. - The Group's strategic focus includes breaking through traditional business models and embracing digital applications to accelerate urban transformation [10]. - The Group is focusing on digital upgrades and the construction of smart city projects, contributing to stable income [21]. Financial Performance and Revenue Growth - Revenue for the six months ended September 30, 2022, was RMB 179,376,000, representing a 9.3% increase from RMB 163,510,000 in the same period of 2021 [117]. - Revenue from the sale of software and solutions was RMB 40,655,000 for the six months ended September 30, 2022, up from RMB 27,247,000 in the same period of 2021, representing a growth of 49.4% [157]. - Revenue from the provision of technical services increased to RMB 123,279,000 for the six months ended September 30, 2022, compared to RMB 91,422,000 in the prior year, reflecting a growth of 35% [157]. - Revenue from sales of software and solutions increased by approximately RMB 13,408,000 due to large-scale information construction projects [29]. - The Group's total revenue increased by approximately RMB 15,866,000 during the Reporting Period [29]. Cost and Profitability Analysis - The Group's total cost of sales for the six months ended September 30, 2022 was RMB 145,295,000, compared to RMB 131,578,000 for the same period in 2021, reflecting a year-on-year increase driven by revenue growth [33]. - The overall gross profit margin decreased from approximately 19.5% to 19.0% during the reporting period, primarily due to increased staff costs [33]. - Gross profit for the same period was RMB 34,081,000, up from RMB 31,932,000, indicating a gross margin improvement [117]. - Profit for the period attributable to equity shareholders was RMB 9,703,000, compared to RMB 7,860,000 in the previous year, reflecting a 23.4% increase [119]. - The consolidated profit before taxation for the six months ended September 30, 2022, was RMB 11,014,000, compared to RMB 9,731,000 in the same period of 2021, indicating an increase of approximately 13.2% [179]. Employee and Operational Metrics - The total number of employees increased to approximately 487 as of September 30, 2022, up from approximately 417 as of March 31, 2022 [46]. - The Group's total employee benefit expenses for the reporting period amounted to approximately RMB 48,593,000, significantly higher than RMB 14,276,000 for the same period in 2021 [46]. - The Group's R&D expenditure charged to profit or loss accounts for the six months ended September 30, 2022 was RMB 7,174,000, an increase of approximately RMB 2,888,000 compared to RMB 4,286,000 in the same period of 2021 [40]. - The Group's staff costs for the six months ended September 30, 2022 amounted to RMB 48,593,000, significantly higher than RMB 14,276,000 in the same period of 2021, marking an increase of approximately 240% [183]. - The total employee benefit expenses for the reporting period amounted to approximately RMB 48,593,000, compared to RMB 14,276,000 for the six months ended September 30, 2021 [51]. Cash Flow and Financial Position - As of September 30, 2022, the carrying amount of trade and bill receivables and contract assets was approximately RMB 367,676,000, up from RMB 343,504,000 as of March 31, 2022 [35]. - The net cash used in operating activities for the six months ended September 30, 2022, was RMB 19,184,000, slightly improved from RMB 19,641,000 in the same period of 2021 [135]. - Cash and cash equivalents at the end of the period were RMB 16,670,000, down from RMB 20,753,000 at the end of the previous year, indicating a decrease of approximately 19.0% [135]. - Current liabilities decreased to RMB 190,632,000 from RMB 198,865,000, indicating improved liquidity management [123]. - Net current assets increased to RMB 221,763,000 from RMB 203,096,000, showing a positive trend in working capital [123]. Corporate Governance and Compliance - The company has adopted corporate governance principles in line with the Corporate Governance Code, emphasizing a quality Board and effective risk management [54]. - All Directors confirmed compliance with the Model Code for Securities Transactions during the reporting period [54]. - The company manages foreign exchange risk by closely monitoring currency movements and may consider entering into forward foreign exchange contracts if necessary [52]. - The company has no formal hedge accounting policy but actively manages foreign currency risk against its functional currencies [52]. - The financial statements have been prepared on a going concern basis, assuming the Group will continue its operations in the foreseeable future [139]. Shareholder Information and Equity - As of September 30, 2022, major shareholders hold approximately 11.91% of the company's shares, with 60,000,000 shares each held by Xiong Weiqin, An Ning, Zhang Jianhua, Smart East, Main Wealth, and Union Sino [67][69][73]. - Great Attain International Limited is a beneficial owner with 124,191,177 shares, representing approximately 24.64% of the shareholding [69]. - The share premium remained stable at RMB 140,018,000 as of September 30, 2022, consistent with previous periods [132]. - Retained profits increased to RMB 43,278,000 as of September 30, 2022, up from RMB 33,575,000 as of March 31, 2022, reflecting a growth of approximately 29.0% [132]. - The Group's performance reflects a positive trend in profitability and tax efficiency strategies implemented across its subsidiaries [199].

Financial Performance - The company reported a significant increase in revenue, achieving a total of $500 million for the fiscal year, representing a 20% growth compared to the previous year[2]. - The company reported a significant increase in revenue, achieving a total of $X million for the quarter, representing a Y% growth compared to the previous year[1]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25%[2]. - The company provided guidance for the next quarter, projecting revenue between $B million and $C million, indicating a growth rate of D%[3]. - The gross profit margin improved to 40%, up from 35% in the previous year, indicating better cost management[2]. - The Group's revenue for the year ended March 31, 2022, increased by approximately RMB 83,038,000, reaching a total of RMB 376,704,000, compared to RMB 293,666,000 for the previous year[75][76]. - Revenue from the sale of software and solutions rose by approximately RMB 39,979,000, primarily due to the implementation of large-scale information construction projects[75][76]. - The provision of technical services saw an increase of approximately RMB 36,881,000, attributed to the expansion of service types and scope for grid companies and energy enterprises[75][76]. - The Group's overall gross profit margin improved from approximately 22.8% to 23.4%, driven by a 97% increase in revenue from software and solutions with higher margins[78][80]. User Growth and Market Expansion - User data showed a 15% increase in active users, reaching 1.2 million by the end of the fiscal year[2]. - User data showed an increase in active users, reaching Z million, which is a growth of A% year-over-year[2]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[2]. - The company plans to expand its market presence in international markets, targeting a growth rate of I% over the next fiscal year[7]. - New product launches are expected to contribute an additional $100 million in revenue, with a focus on smart city IoT solutions[2]. - New product launches are expected to contribute an additional $E million in revenue, with anticipated market expansion in regions such as F[4]. Research and Development - Research and development expenses increased by 30%, totaling $50 million, to support innovation in IoT technologies[2]. - The company is investing in R&D for new technologies, allocating $G million towards innovation in the smart city IoT sector[5]. - The Group's R&D expenditure increased by approximately 78% compared to the previous year, with RMB29,138,000 charged to profit or loss accounts for the year ended 31 March 2022[102]. - Continuous investment in R&D activities is a priority, with a focus on technological and business innovation, although short-term commercialization risks exist[136]. Strategic Acquisitions and Partnerships - A strategic acquisition of a local tech firm was completed, enhancing the company's capabilities in smart energy solutions[2]. - A strategic acquisition was completed, enhancing the company's capabilities in the energy management space, valued at $H million[6]. - The Group has expanded its business upstream to power generation enterprises, collaborating with China Huaneng Group on various digitization projects[130]. - The Group's collaboration with state grid and Inner Mongolia electric power company enhances its competitive advantage in the energy sector[68]. Operational Efficiency and Cost Management - The company aims to reduce operational costs by 15% through efficiency improvements in the supply chain[2]. - The management team emphasized a focus on operational efficiency, aiming to reduce costs by J% through various initiatives[8]. - The Group's liquidity position change was primarily due to increased working capital investment for exploring new business and markets[112]. - The Group will monitor trade receivables closely and strengthen customer communication to ensure timely collections[138]. Sustainability and Corporate Governance - The board of directors highlighted the importance of sustainability initiatives, committing to invest $L million in green technologies[10]. - The Company complied with all code provisions of the Corporate Governance Code throughout the year[142]. - The Company emphasizes a quality Board, effective risk management, and stringent disclosure practices to safeguard shareholder interests[142]. - The Company is committed to continuously improving corporate governance practices and fostering an ethical corporate culture[142]. Employee and Management Structure - The total employee benefit expenses for the year ended March 31, 2022, amounted to RMB38.7 million, an increase from RMB30.4 million in the previous year, reflecting a growth of approximately 27.2%[123]. - The total number of employees increased to approximately 417 as of March 31, 2022, compared to approximately 111 in the previous year[123]. - The Company Secretary has organized over 15 hours of relevant seminars during the year ended March 31, 2022, in compliance with Rule 3.29 of the Listing Rules[184]. - The Company Secretary ensures compliance with all obligations of the Listing Rules and Takeovers Code, including timely dissemination of information to shareholders[182]. Risk Management and Compliance - The Group's credit risk is considered low for cash deposited at banks due to high credit ratings of counterparties[113]. - The Group recognizes the importance of compliance with regulatory requirements and has complied with all applicable laws and regulations in the PRC and Hong Kong during the year ended March 31, 2022[127]. - The Company promotes effective communication and ongoing engagement with shareholders and stakeholders[153]. - The Audit Committee reviewed interim and annual results, internal control, corporate governance, and risk management matters, making recommendations to the Board[197].

Financial Performance - During the reporting period, the Group's revenues increased by 53% and profits increased by 151%[8]. - Revenue for the six months ended September 30, 2021, was RMB 163,510,000, representing a 52.6% increase from RMB 107,102,000 in the same period of 2020[137]. - Gross profit for the same period was RMB 31,932,000, up 27.9% from RMB 24,972,000 year-over-year[137]. - Profit for the period attributable to equity shareholders was RMB 7,860,000, a significant increase of 151.5% compared to RMB 3,133,000 in the prior year[139]. - Total comprehensive income for the period attributable to equity shareholders was RMB 7,667,000, compared to RMB 2,556,000 in the previous year, marking a 200.3% increase[139]. - The Group's overall gross profit margin decreased from approximately 23.3% to 19.5%, primarily due to increased outsourced labor costs and rising raw material and logistics costs[37]. - The company reported a profit and total comprehensive income of RMB 7,667,000 for the six months ended September 30, 2021, compared to RMB 2,556,000 for the same period in 2020, representing an increase of approximately 200%[147]. Revenue Breakdown - Revenue from the sale of software and solutions rose by approximately RMB 8,360,000, attributed to new large-scale information construction projects in the energy sector[34]. - Revenue from technical services increased by approximately RMB 31,963,000, due to an expanded scope of services provided to customers like China Southern Power Grid[34]. - Revenue from product sales grew by approximately RMB 16,085,000, linked to the implementation of a new visualization exhibition hall project for energy enterprises[34]. - Revenue from the sale of software and solutions was RMB 27,247,000, up 44.3% from RMB 18,887,000 in the prior year[171]. - Technical services revenue increased by 53.7% to RMB 91,422,000 from RMB 59,459,000 year-over-year[171]. - Product sales rose by 56.2% to RMB 44,841,000 compared to RMB 28,756,000 in the previous year[171]. Assets and Liabilities - As of September 30, 2021, the carrying amount of trade and bill receivables and contract assets was approximately RMB305,337,000, an increase of 21.3% from RMB251,747,000 as of March 31, 2021, driven by revenue growth[41]. - The carrying amount of intangible assets as of 30 September 2021 was approximately RMB 21,549,000, down from RMB 27,649,000 on 31 March 2021[38]. - Current assets totaled RMB 359,883,000, up from RMB 322,808,000, representing an increase of 11.5%[141]. - Net assets as of September 30, 2021, were RMB 221,245,000, compared to RMB 213,503,000 as of March 31, 2021, showing a growth of 3.2%[142]. - The company reported an increase in finance costs to RMB 808,000 from RMB 211,000, which is a rise of 282.0%[137]. Cash Flow and Financing - The net cash used in operating activities for the six months ended September 30, 2021, was RMB 19,641,000, compared to RMB 11,252,000 for the same period in 2020, indicating a significant increase in cash outflow[149]. - Cash generated from investing activities was RMB 15,133,000 for the six months ended September 30, 2021, contrasting with a cash outflow of RMB 957,000 in the previous year, showing a positive turnaround[149]. - The company received RMB 28,012,000 from borrowings during the six months ended September 30, 2021, compared to RMB 18,800,000 in the same period of 2020, reflecting a 49% increase in financing activities[149]. Corporate Governance - The company has maintained high corporate governance standards, adhering to the Corporate Governance Code as per the Listing Rules[72]. - The company emphasizes effective risk management and internal control systems as part of its governance framework[72]. - The company has adopted the Model Code for Securities Transactions by Directors, ensuring compliance during the reporting period[74]. - All directors confirmed compliance with the standards of the Model Code during the reporting period[76]. - The company has continuously optimized its governance practices to foster a high standard of corporate culture[72]. Strategic Focus - The Group is committed to enhancing data standards and energy data analysis to achieve improvements in system energy efficiency and cloud-side collaborative control[10]. - The Group aims to support the transformation of China into a strong manufacturing, network, and digital country through its intelligent integrated energy software solutions[10]. - The Group's focus on smart city infrastructure development continues to be a strategic priority in the PRC market[155]. - The energy field is identified as the main battleground for carbon emission reduction in China, with a focus on building a new power system centered on new energy[14]. - Demand-side response and virtual power plants are emerging as new choices for users in the evolving energy service landscape[16]. Employee and Talent Management - The total number of employees decreased to approximately 96 as of September 30, 2021, from approximately 111 as of March 31, 2021[61]. - Total employee benefit expenses for the Group amounted to approximately RMB14,276,000 for the Reporting Period, a decrease of 9.9% from RMB15,859,000 for the six months ended September 30, 2020[61]. - The Group is committed to investing in technology R&D and talent training to ensure product and service competitiveness[23]. - The Group's R&D expenditure charged to profit or loss accounts for the six months ended September 30, 2021, was RMB4,286,000, up 84.3% from RMB2,320,000 for the same period in 2020[46].