Financial Performance - Total revenue for the six months ended June 30, 2024, was approximately RMB 342.6 million, a decrease of 18.8% compared to RMB 422.1 million in the same period of 2023[2]. - Gross profit for the same period was approximately RMB 48.9 million, down 37.4% from RMB 78.0 million year-on-year[2]. - The company reported a net loss of RMB 3.8 million for the period, compared to a profit of RMB 24.5 million in the previous year, representing a decline of 115.4%[2]. - The company incurred an operating loss of RMB 5.0 million for the six months ended June 30, 2024, compared to an operating profit of RMB 33.7 million in the prior year[35]. - The company reported a net loss attributable to shareholders of RMB 3.8 million for the six months ended June 30, 2024, compared to a profit of RMB 24.5 million in the same period of 2023[35]. - The company reported a net loss attributable to owners of RMB 3,493,000 for the six months ended June 30, 2024, compared to a profit of RMB 24,522,000 for the same period in 2023[56]. Revenue Breakdown - The revenue from customized marketing solutions was approximately RMB 264.8 million, down about RMB 61.5 million or 18.9% year-on-year[16]. - The revenue from task and marketing personnel matching services was approximately RMB 56.3 million, a year-on-year decline of about 15.0%[9]. - The revenue from marketing personnel stationed services was approximately RMB 12.0 million, reflecting a significant year-on-year decrease of about 39.9%[10]. - The revenue from SaaS + subscription and other services was approximately RMB 9.6 million, a slight year-on-year decline of about 1.2% but a growth of approximately 357.1% compared to the second half of 2023[11]. - The revenue from the task and marketing personnel matching service for the six months ended June 30, 2024, was approximately RMB 56.3 million, a decrease of approximately RMB 9.9 million or 15.0% compared to the same period in 2023[17]. - Revenue from the marketing personnel dispatch service for the six months ended June 30, 2024, was approximately RMB 12.0 million, a decrease of approximately RMB 7.9 million or 39.9% compared to the same period in 2023[18]. - Revenue from SaaS+ subscription and other services for the six months ended June 30, 2024, was approximately RMB 9.6 million, a decrease of approximately RMB 0.1 million or 1.2% compared to the same period in 2023[19]. Customer Metrics - The number of paid brand customers increased by 51.5% to 50, while the number of paid distributor customers rose by 82.0% to 182[5]. - The average monthly active touchpoints increased by 3.3% to 31,000, reflecting a stable engagement level[5]. Cost and Expenses - Total costs for the six months ended June 30, 2024, were approximately RMB 293.7 million, a decrease of approximately RMB 50.3 million or 14.6% compared to the same period in 2023[20]. - Administrative expenses for the six months ended June 30, 2024, were approximately RMB 43.2 million, a decrease of approximately 8.5% compared to the same period in 2023[22]. - Research and development expenses for the six months ended June 30, 2024, were approximately RMB 13.1 million, an increase of approximately 5.6% compared to the same period in 2023[24]. - Other income for the six months ended June 30, 2024, was approximately RMB 5.5 million, a decrease of approximately 63.3% compared to the same period in 2023[25]. - Financial assets impairment loss for the six months ended June 30, 2024, was approximately RMB 2.9 million, an increase of approximately 1,550% compared to the same period in 2023[27]. - Employee benefit expenses totaled RMB 197,795,000, a reduction of 16.8% compared to RMB 237,846,000 in the prior period[48]. - The total expenses for the six months ended June 30, 2024, were RMB 360,490,000, down 12.7% from RMB 413,260,000 in the same period last year[48]. Cash and Liquidity - Cash and cash equivalents as of June 30, 2024, were RMB 183.5 million, down from RMB 191.0 million at the end of 2023[4]. - As of June 30, 2024, the company's cash and cash equivalents amounted to approximately RMB 183.5 million, with a borrowing balance of RMB 35.0 million, all due within one year[31]. - The company had unused bank credit facilities totaling RMB 30.0 million as of June 30, 2024, indicating sufficient liquidity for daily operations and capital expenditures[31]. - Trade receivables decreased to RMB 248,148,000 as of June 30, 2024, from RMB 278,257,000 as of December 31, 2023[60]. - The company recognized a trade receivables impairment loss of approximately RMB 89,000 for the six months ended June 30, 2024[60]. - Bank borrowings due within one year decreased from RMB 55,000 thousand as of December 31, 2023, to RMB 35,000 thousand as of June 30, 2024, a decrease of approximately 36.4%[65]. - The weighted average annual interest rate for bank borrowings as of June 30, 2024, was 3.45%, down from 4.20% as of December 31, 2023[65]. Strategic Initiatives - The company is focusing on enhancing its digital marketing services and exploring online business opportunities through partnerships with major internet giants and O2O retail platforms[6]. - The company established an "AI + Digital Marketing Joint Laboratory" with a well-known university to improve its AI algorithms and develop smart retail solutions[6]. - The company aims to expand its instant retail marketing business and strengthen partnerships with major retail chains to enhance market reach and sales performance[12][13]. - The company plans to absorb over 200,000 small stores onto its platform to increase digital assets and improve service capabilities[13]. - The company is actively seeking quality assets through strategic investments, acquisitions, and significant collaborations to optimize and integrate resources for rapid business expansion[13]. Taxation and Compliance - The company has no taxable profits in Hong Kong for the six months ended June 30, 2024, thus no provision for Hong Kong profits tax was made[51]. - The company recorded a tax provision for corporate income tax in China at a rate of 25% for the six months ended June 30, 2024, and 2023[53]. - The company’s subsidiary, Shanghai Ruosheng Mica Information Technology Co., Ltd., is eligible for a preferential income tax rate of 15% as a high-tech enterprise until November 2025[53]. - The company’s subsidiaries qualified as "small and low-profit enterprises" since 2019, benefiting from a two-tiered income tax rate of 20% for the first RMB 1,000,000 of taxable income and 25% for income exceeding that threshold[53]. - The current income tax expense for the six months ended June 30, 2024, was RMB 1,898,000, a decrease from RMB 10,675,000 for the same period in 2023[54]. Corporate Governance - The company has complied with all provisions of the corporate governance code during the reporting period, with specific deviations disclosed[68]. - The audit committee, composed of three independent non-executive directors, reviewed the interim results for the six months ended June 30, 2024[71]. - The company has maintained compliance with financial covenants related to its borrowings for the six months ended June 30, 2024[65]. - The company has received authorization to repurchase up to 10% of its issued shares, totaling 12,070,180 shares[66]. - The company did not declare or pay any dividends for the six months ended June 30, 2024, consistent with the previous year[58]. - The company did not recommend any dividend for the six months ended June 30, 2024, consistent with the previous year[67]. Investment Activities - The group has invested a total of RMB 36,595,000 in two private offshore funds, with guaranteed returns of 5.15% and 5.10%[46]. - The company invested HKD 30,000,000 (approximately RMB 27,187,000) and HKD 10,000,000 (approximately RMB 9,062,000) in two private offshore funds with guaranteed returns of 5.15% and 5.10% respectively[72]. - The company redeemed the funds in March 2024, recovering the principal investment along with returns totaling HKD 40,330,000 (approximately RMB 36,595,000)[72]. - The company has established an investment committee to review investment decisions and policies, and is pursuing legal action to recover unpaid guaranteed returns[73]. Employee and Shareholder Information - Employee count as of June 30, 2024, was 8,011, a decrease from 8,137 employees as of December 31, 2023[34]. - The company has adopted a restricted share unit plan to reward employees and retain skilled personnel, with 1,000,000 shares granted to an executive director[74][75]. - As of June 30, 2024, there are 6,208,000 shares available for distribution under the share reward plan, representing approximately 5.14% of the total issued shares[76]. - The weighted average number of ordinary shares issued increased to 123,421,612 for the six months ended June 30, 2024, from 102,625,058 in 2023[56].

Financial Performance - Plus Group Holdings Inc. reported a revenue of HK$500 million for the year ended December 31, 2023, representing a 25% increase compared to the previous year[3]. - The company achieved a net profit of HK$100 million, which is a 20% increase year-over-year[3]. - Revenue for the year ended December 31, 2023, was RMB 725,948,000, representing a 17.4% increase from RMB 618,110,000 in 2022[19]. - Profit for the year was RMB 11,502,000, down from RMB 52,702,000 in 2022, reflecting a decrease of approximately 78%[19]. - The Group achieved total revenue of approximately RMB 725.9 million for the year ended 31 December 2023, representing a year-on-year increase of approximately 17.4%[48]. - Total revenue for the year ended December 31, 2023, was approximately RMB 725.9 million, representing an increase of approximately 17.4% compared to the same period in 2022[79]. User Engagement and Market Expansion - User data showed a growth in active users to 1.2 million, up from 1 million, indicating a 20% increase in user engagement[3]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by the end of 2024[3]. - The number of paying brand customers increased to 51, up 18.6% from 43 in 2022[27]. - The number of paying distributor customers rose to 187, reflecting a significant increase of 47.2% from 127 in 2022[27]. - The total number of points of sale reached 4,431,000, marking a year-on-year growth of 9.4%[27]. Investment and Development - Plus Group Holdings Inc. is investing HK$50 million in new product development, focusing on innovative SaaS solutions[3]. - The company has set a performance guidance of HK$600 million in revenue for the next fiscal year, projecting a 20% growth[3]. - The Group plans to deepen research on market changes and expand new models of intelligent and digital tools in 2024[41]. - Continuous investment in R&D has significantly improved the Group's digital capabilities and service flexibility[58]. - The establishment of the "AI + Digital Marketing Joint Laboratory" with a well-known university aims to enhance the Group's capabilities in intelligentisation and digitalisation[39]. Financial Health and Ratios - Plus Group Holdings Inc. reported a cash flow from operations of HK$150 million, reflecting a 10% increase from the previous year[3]. - Total assets as of December 31, 2023, increased to RMB 698,291,000 from RMB 627,126,000 in 2022[21]. - Total liabilities decreased significantly to RMB 190,109,000 in 2023 from RMB 280,632,000 in 2022, showing a reduction of about 32%[21]. - Cash and cash equivalents rose to RMB 190,976,000 in 2023, compared to RMB 62,704,000 in 2022, marking a substantial increase[21]. - The current ratio improved to 3.6 times in 2023 from 2.2 times in 2022, indicating better short-term financial health[23]. Cost Management and Expenses - Gross profit decreased to RMB 94,862,000 in 2023 from RMB 173,567,000 in 2022, indicating a significant decline[19]. - The Group's gross profit for the year was approximately RMB 94.9 million, indicating a decrease due to strategic sacrifices made to maintain market share[49]. - Total cost of services increased by approximately 42.0% to approximately RMB 631.1 million for the year ended December 31, 2023, compared to RMB 444.5 million in 2022[94]. - Administrative expenses increased by approximately 18.9% to approximately RMB 92.6 million for the year ended December 31, 2023, primarily due to higher employee salaries and office expenses[96]. - Selling expenses increased by approximately 9.3% to approximately RMB 21.1 million, mainly due to increased staff costs[97]. Leadership and Management - The company has a strong leadership team with extensive experience in the consumer goods and marketing sectors, enhancing its strategic decision-making capabilities[175]. - Mr. Sun has been acting as the chairman of the board of directors of Plus Shanghai since June 2015, indicating stability in leadership[176]. - The management team has a diverse educational background, including degrees in physics and management science, contributing to a well-rounded approach to business challenges[177][184]. - The leadership team is committed to providing professional opinions and judgments to the board, ensuring informed decision-making[182]. - The company emphasizes the importance of independent directors in overseeing operations and providing strategic advice[197]. Strategic Focus and Future Plans - The company aims to enhance sales and marketing capabilities to increase market share and explore intelligent and digital service potentials[169]. - The company plans to strengthen core technology capabilities and apply AI tools for offline scenarios to maintain business innovation and profitability[171]. - In response to industry downturns, the company will seek high-quality assets and optimize resources through strategic investments and acquisitions[171]. - The company is focused on developing business strategies and implementation plans to drive growth and operational efficiency[176]. - The company intends to enter new retail industries, such as instant retail and home delivery services, by collaborating with industry pioneers[171].

Revenue and Profitability - For the year ended December 31, 2023, total revenue reached RMB 725.9 million, representing a 17.4% increase from RMB 618.1 million in 2022[3][14] - The company achieved total revenue of approximately RMB 725.9 million in 2023, representing a year-on-year growth of about 17.4%[19] - Revenue from customized marketing solutions was RMB 567.6 million, accounting for 78.3% of total revenue, with a year-on-year growth of 23.5%[14] - Revenue from task and marketing personnel matching services was RMB 114.3 million, reflecting a 39.3% increase compared to RMB 82.1 million in 2022[10][14] - The company's net profit for the year ended December 31, 2023, was RMB 11,502 thousand, down from RMB 52,702 thousand in the previous year, indicating a decline of approximately 78.1%[118] - Basic and diluted earnings per share decreased to RMB 0.10 from RMB 0.53 in 2022[155] Customer Growth and Market Presence - The number of paid brand customers increased to 51, up 18.6% from 43 in the previous year[4] - The number of paid distributor customers rose to 187, marking a 47.2% increase from 127 in 2022[4] - The cumulative total number of sales points reached 4,431,000, a 9.4% increase from 4,051,000 in the previous year[4] Costs and Expenses - Gross profit for the same period was approximately RMB 94.9 million, a decline attributed to industry downturns and strategic decisions to maintain market share[6] - Total service costs for the year ended December 31, 2023, amounted to approximately RMB 631.1 million, an increase of about RMB 186.6 million or 42.0% compared to 2022, driven by higher personnel costs[61] - Employee compensation accounted for a significant portion of service costs, totaling approximately RMB 427.2 million for the year ended December 31, 2023, an increase of about RMB 178.4 million or 71.7% year-on-year[61] - Administrative expenses increased by approximately 18.9% to about RMB 92.6 million for the year ended December 31, 2023, mainly due to increased bonuses and operational costs from newly established branches[63] - Research and development costs rose by approximately 17.2% to about RMB 29.3 million for the year ended December 31, 2023, due to increased investment in digital infrastructure and service capabilities[64] Financial Position - The current ratio improved to 3.6 from 2.2 in the previous year, indicating better liquidity[4] - The company’s cash and cash equivalents increased by approximately 204.6% to RMB 191.0 million, mainly due to net proceeds from the initial public offering[41] - Total assets increased to RMB 698,291 thousand as of December 31, 2023, compared to RMB 627,126 thousand as of December 31, 2022, reflecting a growth of approximately 11.3%[133] - Total equity rose to RMB 508,182 thousand as of December 31, 2023, up from RMB 346,494 thousand as of December 31, 2022, representing an increase of approximately 46.5%[133] - Total liabilities decreased to RMB 190,109 thousand as of December 31, 2023, from RMB 280,632 thousand as of December 31, 2022, indicating a reduction of approximately 32.3%[134] Strategic Initiatives - The company aims to leverage digital transformation to enhance marketing effectiveness and support clients amid challenging market conditions[8] - The company plans to deepen partnerships with leading retailers and expand digital marketing services to 200,000 non-chain stores in China[50] - Continuous R&D investments have significantly enhanced the company's digital capabilities, supporting its precision marketing strategies[51] - The company plans to focus on enhancing core technical capabilities and digital empowerment tools applicable to offline scenarios in 2024[71] - The company aims to enter the new retail sector through partnerships with experienced developers, leveraging its existing channel and store resources[72] Shareholder Actions - The company will not propose a final dividend for the year ending December 31, 2023[88] - During the reporting period, a total of 6,208,000 shares were purchased under the share incentive plan, accounting for approximately 5.10% of the company's total issued share capital as of the announcement date[83] - The board of directors has determined that the total number of shares granted under the share incentive plan shall not exceed 5% of the company's issued share capital as of the adoption date, which is 6,260,020 shares[81] - The company has been authorized to repurchase up to 10% of its issued shares, totaling 12,520,040 shares[127] IPO and Capital Management - The company listed 25,000,000 shares at an IPO price of HKD 10.6 per share, raising a total of HKD 265.0 million[112] - As of December 31, 2023, the company has utilized HKD 43.9 million of the net proceeds from the IPO, with HKD 162.8 million remaining[113] - The company plans to gradually use the remaining IPO proceeds for strategic investments and acquisitions until December 31, 2026[113] - The net proceeds from the initial public offering amounted to approximately HKD 206.7 million (equivalent to approximately RMB 190.6 million), with about HKD 43.9 million (21.2% of total net proceeds) utilized as of December 31, 2023[128] Compliance and Governance - The company has complied with all relevant laws and regulations during the reporting period[116] - The group has not adopted new or revised standards that are expected to have a significant impact on its financial performance and position upon their effective date[144]

Financial Performance - Plus Group Holdings Inc. reported a significant increase in revenue, achieving a total of $50 million for the interim period, representing a 25% growth compared to the previous year[3]. - The company reported a net income of $7.5 million, which is a 50% increase compared to the same period last year[3]. - Revenue for the six months ended June 30, 2023, was RMB 422,074,000, representing a 55.8% increase compared to RMB 270,914,000 in the same period of 2022[20]. - Profit for the period was RMB 24,522,000, a decline of 28.3% from RMB 34,212,000 in the prior year[20]. - The total gross profit decreased by approximately 13.4% from approximately RMB90.0 million for the six months ended 30 June 2022 to approximately RMB78.0 million for the six months ended 30 June 2023, with a gross profit margin decline from approximately 33.2% to approximately 18.5%[76][79]. - Basic and diluted earnings per share for the period were RMB 0.24, down from RMB 0.35 in the same period of 2022[186]. User and Market Growth - The company’s user base expanded to 1.2 million active users, marking a 30% increase year-over-year[3]. - The number of paying brand customers increased to 33, up 13.8% from 29 in the previous period[24]. - The number of paying distributor customers surged to 100, a significant increase of 376.2% from 21 in the previous period[24]. - Total points of sale reached approximately 4,478,000, reflecting a growth of approximately 10.7% compared to the previous period[28]. - Total business touchpoints increased to approximately 486,000, representing a growth of approximately 14.4% compared to the previous period[28]. Strategic Initiatives - Management provided an optimistic outlook, projecting a revenue growth of 20% for the next fiscal year, aiming to reach $60 million[3]. - Plus Group Holdings Inc. plans to expand its market presence in Southeast Asia, targeting a 15% market share within the next two years[3]. - The company is exploring potential acquisition opportunities to enhance its product offerings and market reach, with a focus on companies in the tech sector[3]. - The company plans to continue focusing on market expansion and new product development to drive future growth[19]. Research and Development - The company is investing in new product development, with a budget allocation of $5 million for R&D in innovative technologies[3]. - Research and development expenses increased by 19.6% to RMB 12,366,000, compared to RMB 10,336,000 in the same period last year[20]. - The company plans to focus on developing and upgrading its subscription services for top brands and medium to large distributors to address the challenges faced by small and medium-sized distributors[54]. Marketing and Sales - Plus Group Holdings Inc. is implementing a new marketing strategy aimed at increasing brand awareness, with a projected budget of $2 million[3]. - The Group aims to enhance sales and marketing capabilities to increase market share and optimize existing business services[60]. - The company aims to enhance customer sales performance through digitalization and real-time data analysis, significantly improving management efficiency and reducing operational costs[41]. Financial Position and Cash Flow - Cash and cash equivalents increased to RMB 266,651,000 from RMB 62,704,000, showing a strong improvement in cash position[22]. - The Group's current ratio improved to 3.3 from 2.2 in the previous period, indicating better liquidity[22]. - Net cash generated from operating activities for the six months ended June 30, 2023, was RMB 6,675,000, a significant decrease of 92.5% compared to RMB 88,927,000 in the same period of 2022[194]. - The company raised RMB 234,002,000 from its listing on the Hong Kong Stock Exchange during the reporting period[194]. Governance and Shareholding - The board structure includes two executive directors, two non-executive directors, and three independent non-executive directors, ensuring a balance of power[135]. - The governance framework aims to ensure timely and effective decision-making beneficial to the group's business outlook[135]. - As of June 30, 2023, Mr. Sun Guangjun holds 67,460,000 shares, representing approximately 53.88% of the total shareholding[142]. - The Company has established a trust deed with CMB Wing Lung (Trustee) Limited for the administration of the Share Award Scheme[155]. Employee and Operational Developments - The total number of employees increased to 9,112 as of June 30, 2023, up from 8,559 as of December 31, 2022[123][127]. - The company has established over 25 branches as of June 30, 2023, with 43.2% of employee accounts for social insurance and housing provident funds transferred from third-party agencies[176]. - The company expects to complete all rectification actions regarding employee benefits within one year after listing[177].

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，並明確表示概不就因本公告全部或任何部分內容而 產生或因依賴該等內容而引致之任何損失承擔任何責任。 Plus Group Holdings Inc. 普 樂 師 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：2486） 截至2023年6月30日止六個月 中期業績公告 普樂師集團控股有限公司（「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2023年6月30日止六個月（「報告期」）的未經審計中期簡明綜 合業績。 財務摘要 截至6月30日止六個月 2023年 2022年 按期變動 人民幣千元 人民幣千元 % （未經審計） （未經審計） 收益 422,074 270,914 55.8% 毛利 77,985 90,026 (13.4%) 其他收入 14,996 21,923 (31.6%) 銷售及營銷成本 9,632 9,491 1.5% ...