周四：美国国债收盘涨跌互见，投资者将注意力转向公司债发行计划，2年期美国国债收益率下跌0.21 个基点，报4.2395%，10年期美国国债收益率下跌1.0个基点，报4.5590%。 德国国债涨幅收窄，美国劳动力数据促使市场下调对美联储降息押注。 欧洲股市走高，能源板块领涨，英国10年期国债收益率上涨2.7个基点，报4.595%，德国10年期国债收 益率上涨1.2个基点，报2.379%。 （数据来源：彭博、债券交易平台汇总） ...

Financial Performance - The company reported revenue of RMB 22,040,000 for the six months ended June 30, 2024, representing a 12.2% increase compared to RMB 19,640,000 for the same period in 2023[8]. - Gross profit for the same period was RMB 7,830,000, with a gross margin of 35.5%, up from RMB 3,485,000 and a gross margin of 17.7% in the previous year[8]. - The company recorded a pre-tax loss of RMB 17,994,000, compared to a pre-tax loss of RMB 12,378,000 in the prior year[8]. - The company reported a net loss of RMB 15,032,000 for the period, compared to a net loss of RMB 10,651,000 in the same period last year[8]. - The company reported a significant increase in revenue recognition at a single point in time, totaling RMB 20,614,000, compared to RMB 16,412,000 in the previous year[92]. - The company’s basic loss per share for the six months ended June 30, 2024, was RMB 14,892,000, compared to RMB 10,379,000 for the same period in 2023[106]. - Total comprehensive income for the period was RMB (14,675,000), up from RMB (11,205,000) in the previous year, indicating a year-over-year increase in comprehensive loss of about 31.5%[74]. Research and Development - The company plans to continue investing in R&D and seeks partnerships with universities to improve the quality and competitiveness of its self-developed products[16]. - The company established a Beijing R&D center in July 2024, focusing on cutting-edge AI technology development and applications[17]. - The company plans to allocate RMB 25.3 million for establishing and strengthening R&D centers, with an expected completion date of December 2024[59]. Operational Efficiency - The company successfully developed a contract management AI platform in collaboration with a state-owned enterprise, enhancing operational efficiency[15]. - The company is focusing on leveraging AI, big data, and IoT technologies to support digital transformation for clients in various sectors[13]. - Selling expenses decreased by approximately 25.6% to about RMB 2.4 million, representing about 11.0% of total revenue[22]. - Administrative expenses were approximately RMB 13.2 million, a decrease of about 4.6% compared to the same period last year[23]. - Research and development expenses increased by approximately 3.0% to about RMB 1.5 million, accounting for about 6.8% of total revenue[24]. Market Expansion - The company aims to expand its market presence across various regions in China through strategic partnerships and marketing initiatives[16]. - The company has been awarded a place in the 2024 framework agreement procurement list for desktop computers, indicating strong R&D capabilities in the domestic computer sector[14]. Financial Position - The company's debt-to-equity ratio was approximately 59.6% as of June 30, 2024, compared to 57.9% at the end of 2023[33]. - As of June 30, 2024, the group's bank borrowings secured by assets amounted to RMB 78,757,000, a decrease from RMB 86,565,000 as of December 31, 2023, representing a reduction of approximately 9.3%[34]. - The bank and other loans guaranteed by shareholders as of June 30, 2024, were RMB 66,161,000, significantly up from RMB 8,650,000 as of December 31, 2023, indicating an increase of approximately 664.5%[34]. - The net asset value of the company was RMB 304,038,000 as of June 30, 2024, down from RMB 318,713,000 at the end of 2023, indicating a decrease of about 4.6%[78]. - Cash and cash equivalents decreased significantly from RMB 47,808,000 to RMB 15,626,000, a decline of approximately 67.3%[77]. Shareholder Information - As of June 30, 2024, the group’s major shareholders include Deep Blue Sea Electronic Technology Co., Ltd., which holds 306,000,000 shares, representing 61.2% of the issued share capital[41]. - Canwest Profits Limited holds 30,000,000 shares, accounting for 6% of the total shares, while Million Oak Limited holds 28,125,000 shares, representing 5.625%[43]. - The board and senior management have no other interests in the company's shares or related securities that require disclosure under the Securities and Futures Ordinance as of June 30, 2024[41]. Corporate Governance - The board of directors has confirmed compliance with corporate governance codes, maintaining high standards of accountability[61]. - No interim dividend was recommended for the reporting period, consistent with the previous year[65]. - The company has not experienced any significant labor disputes or operational disruptions during the reporting period[46]. Cash Flow - Cash outflow from operating activities was approximately RMB 17.9 million, a decrease of about RMB 21.7 million compared to the same period last year[30]. - For the six months ended June 30, 2024, the net cash used in operating activities was RMB (17,920) thousand, a decrease from RMB (39,638) thousand in the same period of 2023, representing a 54.8% improvement[85]. - The net cash used in investing activities was RMB (5,400) thousand, compared to RMB (3,258) thousand in the same period of 2023, indicating increased investment outflows[85]. - The net cash used in financing activities was RMB (8,862) thousand, a slight decrease from RMB (9,680) thousand in the same period of 2023[85]. Related Party Transactions - Significant related party transactions include repayments and advances to related parties totaling RMB 95 thousand during the reporting period[127]. - The company provided IT solution services to Digital Guangxi, with obligations amounting to RMB 90 thousand, down from RMB 193 thousand in the previous period[128].

Financial Performance - The company recorded unaudited revenue of approximately RMB 22.0 million, an increase of about 12.2% compared to RMB 19.6 million in the same period last year[2]. - Gross profit for the period was approximately RMB 7.8 million, representing a significant growth of about 124.7% from RMB 3.5 million in the same period last year[2]. - The company reported a net loss of approximately RMB 15.0 million, which is an increase of about 41.1% compared to a net loss of RMB 10.7 million in the same period last year[2]. - Basic loss per share attributable to shareholders was approximately RMB 0.03, consistent with the same period last year[2]. - Total comprehensive loss for the period amounted to RMB 14.675 million, compared to RMB 11.205 million in the same period last year[3]. - The group reported total revenue of RMB 22,040,000 for the six months ended June 30, 2024, an increase of 12.2% from RMB 19,640,000 in the same period of 2023[11]. - The group incurred a pre-tax loss of RMB 17,994,000 for the six months ended June 30, 2024, compared to a pre-tax loss of RMB 12,378,000 in the same period of 2023[17]. - The company recorded a revenue of approximately RMB 22.0 million for the period, representing a year-on-year increase of 12.2% or approximately RMB 2.4 million[38]. - The company reported a basic loss per share of RMB 14,892,000 for the six months ended June 30, 2024, compared to RMB 10,379,000 for the same period in 2023, with a weighted average of 500,000,000 shares outstanding[28]. - The group recorded a loss of approximately RMB 15.0 million for the period, an increase of approximately 41.0% or RMB 10.7 million compared to the same period last year, with basic and diluted loss per share of approximately RMB 0.03[54]. Revenue Breakdown - Revenue from integrated IT solution services reached RMB 14,455,000, up 21.0% from RMB 11,941,000 year-on-year[16]. - Hardware and software sales generated revenue of RMB 6,115,000, a slight decrease of 5.4% compared to RMB 6,463,000 in the previous year[16]. - Revenue from integrated IT solution services was approximately RMB 14.5 million, accounting for about 65.6% of total revenue, and increased by approximately 21.1% or RMB 2.5 million compared to the previous period[45]. Assets and Liabilities - Non-current assets totaled RMB 80.326 million, an increase from RMB 76.975 million as of December 31, 2023[5]. - Current assets decreased to RMB 246.548 million from RMB 292.359 million as of December 31, 2023[5]. - The company's total equity decreased to RMB 304.038 million from RMB 318.713 million as of December 31, 2023[8]. - Trade receivables from third parties decreased to RMB 314,755,000 as of June 30, 2024, down from RMB 339,030,000 as of December 31, 2023, reflecting a reduction of approximately 7.2%[29]. - The company’s total trade and other payables decreased to RMB 70,367,000 as of June 30, 2024, compared to RMB 89,623,000 as of December 31, 2023, indicating a decline of approximately 21.5%[31]. - The company’s trade receivables aging analysis shows that overdue amounts increased significantly, with RMB 143,226,000 overdue between three to six months as of June 30, 2024, compared to RMB 34,192,000 for the same period in 2023[30]. - The company’s trade payables aged analysis indicates that amounts due within one year decreased to RMB 25,339,000 as of June 30, 2024, from RMB 38,765,000 as of December 31, 2023[31]. Expenses - The company incurred research and development expenses of RMB 1.502 million, slightly up from RMB 1.458 million in the same period last year[3]. - R&D expenditure for the period was approximately RMB 1.5 million, an increase of about 3.0%, representing about 6.8% of total revenue[50]. - Administrative expenses for the period were approximately RMB 13.2 million, a decrease of about 4.6% or RMB 0.6 million compared to the previous period, mainly due to reduced listing costs[49]. - Sales expenses were approximately RMB 2.4 million, a decrease of about 25.6% or RMB 0.8 million, accounting for about 11.0% of total revenue[48]. - Financial costs for the period were RMB 5.6 million, an increase of approximately 24.0% or RMB 1.1 million compared to the same period last year, mainly due to an increase in average bank and other loan balances[52]. Government Support and Taxation - The group received government subsidies totaling RMB 669,000, down from RMB 1,391,000 in the previous year, a decrease of 52.1%[20]. - The group confirmed a tax credit of approximately RMB 3.0 million during the period, compared to RMB 1.7 million in the same period last year, mainly due to the recognition of deferred tax assets for credit loss provisions and accumulated tax losses[53]. - The company’s subsidiaries in China are subject to a corporate income tax rate of 25%, with certain subsidiaries qualifying for a reduced rate of 15% under specific conditions[7]. Corporate Governance and Future Outlook - The board of directors did not recommend the payment of an interim dividend, same as the previous period[2]. - The company has no interim dividend declared for the six months ended June 30, 2024, and no dividends were approved or paid for the previous fiscal year[32]. - The company plans to invest in an AI computing power center project in Guangxi, with the first phase including infrastructure for computing centers and smart computing centers[39]. - The group anticipates higher revenue and performance in the fourth quarter due to seasonal demand from educational institutions[19]. - The company established a Beijing R&D center in July 2024, focusing on cutting-edge AI technology development and application[43]. - The audit committee, consisting of three independent non-executive directors, reviewed and confirmed the accounting principles and policies adopted by the group[62]. - The group has complied with relevant laws and regulations without any significant violations during the period[63]. - No significant events occurred after the reporting period that could impact the group[64]. - The announcement is dated August 29, 2024, indicating the company's commitment to timely reporting[64]. - The chairman of the board is Li Changqing, reflecting the leadership structure of the company[64]. - The company is committed to transparency in its financial reporting and communication with shareholders[64]. - The announcement does not indicate any new product developments or market expansions[64]. - There are no updates on mergers or acquisitions in the announcement[64]. - The company continues to focus on maintaining its operational integrity post-reporting period[64].

Company Overview - The company completed its IPO, becoming the first Guangxi technology innovation private enterprise listed on the Hong Kong Stock Exchange[27]. - The company reported a significant milestone in business development following the IPO, indicating a new phase of growth[27]. - The management team has extensive experience in corporate governance, finance, and investor relations, with key members having over 12 years of relevant experience[25][26]. - The company is focused on strategic planning and business development, with the CEO overseeing overall operations and daily business activities[5]. - The company has a strong emphasis on technology and project management, with the Technical Director having over 15 years of experience in the IT industry[10]. - The company aims to leverage its unique position in the Guangxi region to drive innovation and growth in the technology sector[27]. Financial Performance - The company recorded a revenue of approximately RMB 259.1 million for the fiscal year 2023, representing a growth of 6.5% compared to RMB 243.3 million in fiscal year 2022[40]. - Revenue from the integrated IT solutions service segment decreased by approximately RMB 57.4 million or 28.9% to about RMB 141.1 million in fiscal year 2023, primarily due to a reduction in the number of projects undertaken[42]. - Revenue from hardware and/or software sales increased by approximately RMB 34.7 million or 84.6% to about RMB 75.7 million in fiscal year 2023, driven by increased customer demand[43]. - Revenue from independent IT services surged by approximately RMB 38.5 million or 1018.8% to about RMB 42.3 million in fiscal year 2023, also attributed to rising customer demand[43]. - The overall gross profit decreased by approximately RMB 19.2 million or 18.4% from about RMB 104.6 million in FY2022 to approximately RMB 85.4 million in FY2023, with a gross margin decline of about 10 percentage points from 43.0% to 33.0%[48]. - The gross profit from the integrated IT solutions service segment decreased by approximately RMB 38.9 million or 41.0% to about RMB 55.9 million in fiscal year 2023, with a gross margin decline from approximately 47.7% to about 39.6%[46]. - The gross profit from independent IT services increased by approximately RMB 13.3 million or 527.5% from about RMB 2.5 million in FY2022 to approximately RMB 15.8 million in FY2023, despite a decrease in gross margin due to varying project requirements[49]. - The gross profit from hardware sales rose by approximately RMB 6.5 million or 87.3% from about RMB 7.3 million in FY2022 to approximately RMB 13.8 million in FY2023, with the gross margin remaining stable at around 18.2%[50]. - The group recorded a profit of approximately RMB 22.6 million for the fiscal year 2023, a decrease of about RMB 26.5 million or 54.0% from approximately RMB 49.1 million in the fiscal year 2022[178]. Research and Development - The company plans to establish a research and development center in Shenzhen, focusing on cloud computing and artificial intelligence product development[37]. - The company is committed to continuous investment in research and development to maintain its competitive edge in the education information industry[32]. - The group plans to enhance its R&D capabilities by recruiting more personnel and establishing a stronger R&D center, with a budget allocation of RMB 25.3 million, of which RMB 5.8 million has been utilized[1]. - The group will continue to invest resources in R&D, particularly in establishing a research center in Shenzhen focused on cloud computing and AI products[197]. Corporate Governance - The company is committed to maintaining high standards of corporate governance and compliance, with dedicated roles for these functions[22][25]. - The company’s board of directors includes experienced members with backgrounds in various sectors, enhancing governance and strategic decision-making[98]. - The company has established service contracts with its executive directors and appointment letters with independent non-executive directors[122]. - The company’s independent non-executive directors have been appointed to ensure compliance and oversight in corporate governance[88]. - The company has a clear strategy for maintaining control among its major shareholders, with agreements in place among them[121]. Shareholder Information - The company’s directors collectively hold 306,000,000 shares, representing approximately 61.2% of the controlled corporation's equity[99]. - Major shareholders include Deep Blue Sea with 306,000,000 shares, representing 61.2% ownership[124]. - As of the report date, the total number of shares available for issuance under the share option scheme is 50,000,000 shares, accounting for 10% of the company's issued share capital[111]. - The share option scheme is valid for 10 years, from October 13, 2023, to October 12, 2033[116]. Employee and Operational Information - The company has approximately 204 employees in China and Hong Kong as of December 31, 2023[142]. - The group plans to invest in an industrial park to strengthen collaboration with other IT solution providers and expand office space to support business growth[192]. - As of December 31, 2023, the group employed approximately 204 employees and offers competitive compensation, retirement plans, and benefits[195]. - There were no significant issues or labor disputes affecting operations during the reporting period[148]. Financial Management - The financial management team has over ten years of experience, ensuring robust financial planning and management practices[21]. - The effective tax rate for the fiscal year 2023 was approximately 17.30%, higher than 12.71% in the fiscal year 2022, due to increased listing expenses affecting taxable profits[187]. - Financial costs rose by approximately RMB 1.6 million or 18.0% to about RMB 10.5 million for the fiscal year 2023, mainly due to an increase in average bank loans[176]. - Trade receivables increased to approximately RMB 323.4 million as of December 31, 2023, compared to RMB 198.7 million as of December 31, 2022, due to increased revenue and extended payment terms[175]. - The group's bank borrowings guaranteed by shareholders amounted to RMB 8,650,000 as of December 31, 2023, a significant increase from RMB 119,000 in 2022[196]. Compliance and Reporting - The company has complied with the disclosure requirements of the listing rules regarding related party transactions during the reporting period[161]. - The financial statements for the year ended December 31, 2023, were audited by KPMG[136]. - The company has maintained a sufficient public float of at least 25% of issued shares as required by listing rules[135]. - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[154]. - The company has purchased appropriate liability insurance for its directors and senior management members[97].

Financial Performance - The company's revenue increased by approximately 6.5% from RMB 243.3 million in 2022 to RMB 259.1 million in 2023[13] - Gross profit decreased by about 18.4% from RMB 104.6 million in 2022 to RMB 85.4 million in 2023, with a gross margin decline of 10 percentage points to 33.0%[13] - Net profit for the year fell by approximately 54.0% from RMB 49.1 million in 2022 to RMB 22.6 million in 2023, resulting in a net profit margin decrease of 11.5 percentage points to 8.7%[13] - Basic earnings per share dropped by approximately 53.8% from RMB 0.13 in 2022 to RMB 0.06 in 2023[14] - The total comprehensive income for the year was RMB 19,890 thousand, down from RMB 48,120 thousand in the previous year[37] - The group reported a profit for the year of RMB 22,647 thousand, compared to RMB 49,056 thousand in the previous year[60] - Total revenue for the fiscal year 2023 was RMB 259,085,000, an increase of 6.8% from RMB 243,255,000 in 2022[132] - The group's annual profit decreased by approximately RMB 26.5 million or 54.0% from RMB 49.1 million in FY2022 to RMB 22.6 million in FY2023[189] Cash Flow and Assets - Cash and cash equivalents at the end of 2023 were approximately RMB 47.8 million, down from RMB 62.6 million at the end of 2022[13] - The net asset value as of December 31, 2023, was RMB 318,713 thousand, an increase from RMB 179,443 thousand in 2022[40] - Current assets increased significantly to RMB 76,975 thousand from RMB 32,216 thousand in the previous year[64] - Non-current assets, including property, plant, and equipment, amounted to RMB 11,169 thousand, up from RMB 10,942 thousand in 2022[64] Liabilities and Receivables - Trade receivables aged analysis showed a significant increase in overdue amounts, with total trade receivables reaching RMB 323.4 million in 2023 compared to RMB 198.7 million in 2022[29] - The total liabilities related to assets classified as held for sale were RMB 230,798 thousand, compared to RMB 169,776 thousand in the previous year[64] - The company’s total liabilities increased, with trade receivables amounting to RMB 78,395,000 as of the reporting date, up from RMB 75,665,000 in 2022, indicating a growing reliance on credit[95] - Total liabilities increased to RMB 89,623,000 in 2023 from RMB 75,111,000 in 2022, indicating a rise in operational commitments[121] Revenue Segmentation - Revenue from integrated IT solutions decreased to RMB 141,094,000, down 29% from RMB 198,491,000 in 2022[132] - Revenue from hardware and software sales increased significantly to RMB 75,655,000, up 84.6% from RMB 40,980,000 in 2022[132] - Revenue from independent IT services surged to RMB 42,336,000, a substantial increase from RMB 3,784,000 in 2022[132] Expenses and Costs - Administrative expenses rose by approximately RMB 17.3 million or 70.9% to approximately RMB 41.7 million in FY2023, mainly due to increased listing expenses and legal/professional fees post-listing[138] - Employee costs rose to RMB 27,762,000 in 2023 from RMB 24,301,000 in 2022, indicating a year-over-year increase of approximately 6.0%[83] - Sales costs rose by approximately RMB 35.0 million or 25.3% to approximately RMB 173.6 million in FY2023, driven by procurement costs and service costs[160] - Financial costs increased by approximately RMB 1.6 million or 18.0% from RMB 8.9 million in FY2022 to RMB 10.5 million in FY2023, primarily due to an increase in average bank and other loan balances[168] Research and Development - Research and development expenses increased to RMB 6.0 million in 2023 from RMB 5.7 million in 2022[14] - The group plans to continue investing in R&D, particularly by establishing a Shenzhen R&D center focused on cloud computing and artificial intelligence products[190] - The group aims to enhance the quality and competitiveness of its self-developed products through collaborations with universities and marketing initiatives[190] Dividends and Shareholder Returns - The company did not recommend any final dividend for the fiscal year 2023[13] - The company does not recommend any dividend distribution for the fiscal year ending December 31, 2023, consistent with 2022[98] Market and Competitive Position - The demand from hardware and/or software sales and independent IT service segments increased, while the number of comprehensive IT solution projects decreased due to delays in the bidding process for several potential projects[31] - The company received various recognitions, including the 2023 Guangxi Strategic Emerging Industry Enterprise certification, highlighting its market competitiveness[131] - The company plans to expand its market presence and enhance its R&D capabilities, as evidenced by recent awards for data management excellence[131] Management and Governance - The board believes that the current leadership structure, with the chairman also serving as CEO, is in the best interest of the group for effective management and business development[176] - The audit committee is responsible for reviewing and monitoring the company's financial reporting, risk management, and internal control systems[200]