6月20日，截至港股收盘，恒生指数上涨1.26%，报23530.48点。广联科技控股（02531.HK）收报18.76 港元/股，上涨26.24%，成交量48.5万股，成交额793.16万港元，振幅24.9%。 行业估值方面，软件服务行业市盈率（TTM）平均值为-10.84倍，行业中值-2.26倍。广联科技控股市盈 率113.52倍，行业排名第56位；其他驴迹科技（01745.HK）为3.63倍、京投交通科技（01522.HK）为 3.88倍、黄河实业（00318.HK）为3.91倍、自动系统（00771.HK）为4.08倍、禅游科技（02660.HK）为 4.67倍。 资料显示，广联科技控股有限公司于2012年在深圳成立并设立总部,是在中国智能网联汽车产业蓬勃发 展的背景下,专注于为车企及服务门店、车主用户等提供数字化软件、数据及用车增值服务的智能网联 数字化服务提供商。随着数据成为驱动经济发展和企业转型升级的关键性因素,创业十二年来,广联科技 目前已成功探索出数据要素在智能网联领域实现价值变现的落地路径,在数据要素化、数据产品化及产 品商业化环节中已经研发沉淀多年。广联科技通过数十项已获发明专利的数据算法 ...

Financial Results - GL-Carlink Technology Holding Limited reported its annual results for the year ending December 31, 2024[4] Auditor Opinion - The company confirmed that its auditor issued an unqualified opinion regarding the related party transactions, indicating compliance with relevant agreements[5] Board of Directors - The board of directors includes executive directors Zhu Lei, Zhao Zhan, Zhang Yong, and Yin Fang, along with non-executive and independent directors[8]

在业务开拓上，公司将全力开拓头部新能源车企客户。2025年一季度公司已同广汽旗下附属公司、北汽 旗下附属公司分别签订业务合作协议，与其开展数字化软件及服务业务的合作。公司将积极推动门店展 业进度，不断扩大SaaS增值服务的营销品类，推动客户数量及单店收入的同步提升。 2025年一季度，公司持续丰富SaaS增值服务中的产品和服务品类，在数字化轻改、数字化权益两大品类 积极满足新能源车主不断增加的个性化服务需求，从而带动门店客户数量、单店收入及毛利的持续提 升。一季度，公司SaaS增值服务实现收入约8400万元，较2024年同期增长约29.2%。 在产品研发上，随着AI技术的成熟及逐步普及，公司将持续加大在AI技术应用方面的研发投入，以支 撑公司面向智能网联汽车行业的应用服务场景拓展，不断提升线上营销自动化和线下专业服务能力。 智通财经APP讯，广联科技控股(02531)公布，于2025年第一季度，实现收入约1.38亿元，同比减少 6.8%;毛利9000万元，同比增长21.6%;毛利率为65.2%。其中软件及服务业务的收入、毛利分别上升约 14.3%和36.9%。 2025年一季度，硬件业务收入约为2600万元， ...

Financial Performance - The company reported a revenue of 1.2 billion RMB for the fiscal year 2024, representing a 15% increase compared to the previous year[4]. - In 2024, the company achieved total revenue of approximately RMB 700.4 million, representing a year-on-year growth of 24.9%[15]. - The total gross profit for 2024 was approximately RMB 437.4 million, a year-on-year increase of about 73.7%[15]. - Adjusted profit for the year was RMB 65.1 million, reflecting a year-on-year growth of approximately 5.4%[15]. - The gross margin improved from 44.9% in 2023 to 62.5% in 2024[20]. - The gross margin improved to 40%, up from 35% in the previous year, due to cost optimization strategies[4]. - The pre-tax profit for the year was RMB 38.9 million, down from RMB 59.0 million in the previous year[29]. - The company reported a net profit of approximately RMB 44.4 million for the year, a decrease of about 13.8% from RMB 51.5 million in 2023, primarily due to increased listing expenses, R&D, and administrative costs[43]. - The company's cash and cash equivalents increased by approximately 161.0% to RMB 410.3 million as of December 31, 2024, compared to RMB 157.2 million in 2023, mainly due to the completion of a global offering[45]. - Trade and other receivables increased by approximately 58.2% to RMB 211.7 million as of December 31, 2024, compared to RMB 133.8 million in 2023, driven by business expansion[48]. Revenue Sources - Over 70% of the revenue from SaaS value-added services came from new energy vehicle manufacturers and their delivery service stores[16]. - Revenue from digital light modification and digital rights services amounted to RMB 170.6 million and RMB 221.6 million, accounting for 42.1% and 54.7% of SaaS value-added service revenue, respectively[16]. - The company's SaaS value-added service revenue reached approximately RMB 405.2 million, representing a year-on-year growth of about 102.6%[23]. - Revenue from digital light modification services amounted to RMB 170.6 million, accounting for 42.1% of the SaaS value-added service revenue[23]. - Revenue from digital rights services was RMB 221.6 million, contributing 54.7% to the SaaS value-added service revenue[23]. Strategic Initiatives - The company provided a forward guidance of 1.5 billion RMB in revenue for 2025, indicating a projected growth of 25%[6]. - New product launches are expected to contribute an additional 200 million RMB in revenue in 2025[7]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2026[8]. - A strategic acquisition of a tech startup was completed, expected to enhance the company's technological capabilities and add 100 million RMB in annual revenue[9]. - The company plans to invest 500 million RMB in new technology infrastructure over the next two years[6]. - The company aims to enhance its core competitiveness through innovative digital products powered by AI and big data technologies[18]. - The company plans to leverage opportunities in the ICV industry and accelerate the signing of contracts with vehicle manufacturers in 2025[18]. Research and Development - Research and development expenses increased by 30% to 300 million RMB, focusing on AI and cloud services[10]. - The company aims to develop innovative products in the "smart vehicle" and "smart travel" sectors to meet the full lifecycle needs of vehicle owners[26]. - The company plans to leverage artificial intelligence to improve online marketing automation and offline professional service capabilities[28]. - The company has obtained 28 authorized patents, with two new patents granted during the reporting period, enhancing its technological capabilities[25]. Management and Governance - The management team emphasizes the importance of financial accuracy and strategic decision-making to drive company growth and shareholder value[67]. - The leadership team is committed to fostering innovation and leveraging their extensive industry experience to navigate market challenges[72]. - The company has established measures to avoid conflicts of interest involving its directors' roles in other companies[144]. - The board consists of four executive directors, two non-executive directors, and three independent non-executive directors, ensuring a diverse and independent governance structure[188]. - The board is responsible for leading and monitoring the company, ensuring effective internal controls and risk management systems are in place[195]. Shareholder Information - The company's distributable reserves as of December 31, 2024, amount to RMB 472.89 million, available for distribution to shareholders[108]. - The company does not recommend any final dividend for the year ending December 31, 2024[98]. - As of December 31, 2024, the total issued shares amount to 366,600,000, with significant shareholdings by key executives, including Mr. Zhu Lei holding approximately 51.42% of the total shares through various entities[127][129]. Compliance and Regulations - The company has complied with all relevant laws and regulations without any significant violations since its listing[102]. - The company has confirmed that all independent non-executive directors have maintained their independence as per the annual confirmation under Listing Rule 3.13[115]. - The company has confirmed compliance with the disclosure requirements under the Listing Rules Chapter 14A regarding related party transactions[158]. - The company has maintained compliance with corporate governance codes since its listing date, ensuring the protection of shareholders' interests[167]. Future Outlook - The company is actively seeking opportunities to apply its data monetization methodology to other "smart entity" industries[18]. - The board will continue to review and adjust business strategies to respond to changing market conditions, promoting sustainable development[184].

Financial Performance - Revenue for the year ended December 31, 2024, reached RMB 700,418 thousand, representing a 24.9% increase compared to RMB 560,569 thousand in 2023[6] - Gross profit increased by 73.7% to RMB 437,356 thousand in 2024 from RMB 251,778 thousand in 2023[6] - Annual profit decreased by 13.9% to RMB 44,358 thousand in 2024 from RMB 51,542 thousand in 2023[6] - Adjusted annual profit (non-IFRS measure) rose by 5.4% to RMB 65,073 thousand in 2024 from RMB 61,737 thousand in 2023[6] - Total comprehensive income for the year was RMB 44,211 thousand in 2024, down from RMB 49,741 thousand in 2023[8] - Basic earnings per share decreased to RMB 0.13 in 2024 from RMB 0.17 in 2023[10] - Total revenue for the period was approximately RMB 700.4 million, representing a year-on-year growth of about 24.9% from RMB 560.6 million in 2023[51] - Gross profit for the year was approximately RMB 437.4 million, an increase of around 73.7% compared to RMB 251.8 million in 2023, with the gross margin improving from 44.9% to 62.5%[51] - Adjusted profit for the year (non-IFRS measure) was approximately RMB 65.1 million, an increase of about 5.5% from RMB 61.7 million in 2023[76] - The company reported a net profit of approximately RMB 44.4 million for the year, a decrease of about 13.8% from RMB 51.5 million in 2023, attributed to increased listing, R&D, and administrative expenses[75] Revenue Breakdown - Total revenue from customer contracts for the year ended December 31, 2024, was RMB 700,418 thousand, an increase of 25% from RMB 560,569 thousand in 2023[23] - Revenue from sales of vehicle-mounted hardware products decreased to RMB 161,474 thousand in 2024 from RMB 226,098 thousand in 2023, representing a decline of 28.6%[23] - Revenue from SaaS value-added services significantly increased to RMB 405,170 thousand in 2024, up 102.5% from RMB 199,946 thousand in 2023[23] - The total revenue from SaaS value-added services was approximately RMB 405.2 million, representing a year-on-year growth of about 102.6%[54] - The contribution of revenue from new energy vehicle manufacturers and their delivery service stores exceeded 70% of the group's SaaS value-added service income, becoming the core engine for performance growth[53] - Revenue from the digital light modification category reached RMB 170.6 million, accounting for 42.1% of SaaS value-added service income, while revenue from digital rights services was RMB 221.6 million, making up 54.7%[54] Assets and Liabilities - Non-current assets increased to RMB 208,743 thousand in 2024 from RMB 64,085 thousand in 2023, primarily due to an increase in equity interests in associates[12] - Total assets reached RMB 699,004 thousand in 2024, compared to RMB 501,766 thousand in 2023[12] - Net assets increased to RMB 659,222 thousand in 2024 from RMB 365,314 thousand in 2023, reflecting strong capital growth[13] - Trade receivables increased to RMB 148,445,000 in 2024 from RMB 139,086,000 in 2023, with a net amount after credit loss provisions of RMB 124,043,000, up from RMB 95,825,000[42] - The company’s trade payables rose to RMB 33,639,000 in 2024 from RMB 21,121,000 in 2023, reflecting an increase of approximately 59.4%[47] - Trade and other receivables and prepayments increased to approximately RMB 211.7 million, up about 58.2% from RMB 133.8 million in 2023, driven by business expansion[79] Expenses - Listing expenses increased significantly by 103.2% to RMB 20,715 thousand in 2024 from RMB 10,195 thousand in 2023[6] - The company’s depreciation and amortization expenses totaled RMB 15,593,000, up from RMB 13,856,000 in 2023, indicating an increase of approximately 12.5%[39] - Employee benefits expenses totaled RMB 53,593 thousand for the year ended December 31, 2024, compared to RMB 52,762 thousand in 2023, showing a slight increase of 1.6%[38] - Operating expenses for distribution and sales were approximately RMB 333.3 million, up about 109.5% from RMB 159.1 million in 2023, primarily due to the expansion of SaaS value-added services[70] - Research and development expenses increased to approximately RMB 27.9 million, a rise of about 54.1% from RMB 18.1 million in 2023, mainly due to increased staff costs and software amortization[72] Strategic Initiatives - The company aims to leverage the growth in the Chinese intelligent connected vehicle (ICV) market, which saw sales exceeding 31 million vehicles in 2024, with new energy vehicles (NEV) sales growing by 35.5% year-on-year[51] - The company plans to enhance its technology research and development capabilities to meet the growing demand for post-market services in the new energy sector[52] - The company plans to accelerate the signing of contracts with vehicle manufacturers and expand its customer base in the new energy vehicle sector in 2025[59] - The focus will be on developing innovative digital products that meet the full lifecycle service needs of new energy vehicle owners, including second-hand car sales platforms and digital financial services[59] - The company aims to enhance operational efficiency and innovative product capabilities through the use of artificial intelligence and big data technologies[60] - The development of the "AI Assistant" application and various AI-driven products aims to improve sales and operational efficiency in stores[56] - The company is actively researching the application of its solutions in the robotics sector, having signed a partnership with Efort Intelligent Robotics[60] - The company is committed to creating long-term sustainable value returns for shareholders by leveraging its data monetization methodologies in other intelligent sectors[59] Corporate Governance and Compliance - The company has complied with all applicable corporate governance codes since its listing date[94] - The audit committee, consisting of three independent non-executive directors, has reviewed the annual performance for the year ending December 31, 2024, and confirmed compliance with relevant accounting standards[101] - Deloitte has confirmed that the preliminary financial figures for the year ending December 31, 2024, align with the audited financial statements approved by the board on March 25, 2025[102] - The board expresses gratitude to shareholders, management, employees, business partners, and customers for their support and contributions[104] Future Outlook - The company expects that the application of new international financial reporting standards will not have a significant impact on the consolidated financial statements in the foreseeable future[22] - The company has not early adopted any new international financial reporting standards that have been issued but are not yet effective[19] - The company has no significant capital commitments or contingent liabilities as of December 31, 2024[84][85] - The board has resolved not to recommend the payment of a final dividend for the year ending December 31, 2024[99] - The company will hold its annual general meeting on June 18, 2025, with a share transfer registration suspension from June 13 to June 18, 2025[100] - There are no significant post-balance sheet events occurring after December 31, 2024[86]

Financial Performance - The company achieved total revenue of approximately RMB 308.4 million, representing a growth of about 23.9% compared to RMB 249.0 million for the same period last year[25]. - Gross profit reached approximately RMB 172.3 million, an increase of about 64.6% from RMB 104.7 million in the same period last year, with gross margin rising from 42% to 56%[25]. - Adjusted profit (non-IFRS measure) was approximately RMB 26.7 million, up about 7.7% from RMB 24.8 million in the same period last year[25]. - Revenue from SaaS marketing and management services was approximately RMB 219.3 million, up about 58.3% from RMB 138.5 million in the same period last year[36]. - The overall gross margin improved to 56%, compared to 42% in the same period last year[37]. - The net profit for the reporting period was approximately RMB 18.8 million, a decrease of about 6.0% from RMB 20.0 million in the same period of 2023, mainly due to impairment loss models and increased listing expenses[47]. - Adjusted profit (non-IFRS measure) for the reporting period was approximately RMB 26.7 million, an increase of about 7.7% from RMB 24.8 million in the same period of 2023[48]. - The adjusted net profit margin (non-IFRS measure) was 8.7%, down from 10.0% in the same period last year[35]. - The company reported a basic and diluted earnings per share of RMB 0.31 for the six months ended June 30, 2024, compared to RMB 0.33 in the same period of 2023[90]. - The net cash used in operating activities was RMB (45,906,000), compared to RMB (25,898,000) for the same period last year, indicating a decline in cash flow from operations[101]. - The net cash generated from investing activities was RMB 92,306,000, a significant recovery from RMB (25,179,000) in the prior year[101]. Business Development and Strategy - The company signed cooperation agreements with two automotive manufacturers, including a leading Chinese new energy vehicle manufacturer, to enhance digital marketing capabilities[19]. - The company expanded its SaaS value-added services, introducing new products such as extended warranty and collision repair services to meet evolving customer needs[20]. - The company continues to focus on expanding its customer base, particularly targeting new energy vehicle manufacturers and their service outlets[19]. - The company aims to strengthen its product development efforts, particularly through the application of artificial intelligence to improve product competitiveness[21]. - The company plans to increase collaboration with new energy vehicle manufacturers and expand its SaaS marketing and management services[26]. - The company aims to enhance its R&D capabilities to explore the monetization of data elements in the intelligent connected vehicle sector[26]. - The company has plans for market expansion and new product development, although specific details were not disclosed in the financial summary[90]. Intellectual Property and Recognition - Two new invention patents related to automotive intelligent networking were granted, bringing the total authorized patents to 28[22]. - The company was recognized by Deloitte China as one of the "2023 China High-Tech High-Growth 50" companies[22]. - The company launched AI-driven products to enhance sales training and marketing processes, utilizing advanced technologies like AI and big data[21]. Expenses and Financial Management - Distribution and sales expenses for the reporting period were approximately RMB 124.3 million, an increase of about 96.7% compared to RMB 63.2 million in the same period of 2023, primarily due to the expansion of SAAS value-added services sales[39]. - Administrative expenses for the reporting period were approximately RMB 11.9 million, an increase of about 24.0% from RMB 9.6 million in the same period of 2023, mainly due to increased employee compensation[40]. - Research and development expenses for the reporting period were approximately RMB 9.8 million, an increase of about 44.1% from RMB 6.8 million in the same period of 2023, primarily due to increased employee compensation and software amortization costs[43]. Shareholder Information and Corporate Governance - The company has maintained sufficient public float as required by the listing rules, with at least 25% of the issued share capital held by the public[68]. - The board has adopted corporate governance codes to enhance management and protect shareholder interests since the listing date[64]. - The company has a total of 366,600,000 shares issued as of the report date[74]. - The company has not engaged in any significant litigation or arbitration during the reporting period[71]. - No interim dividend is recommended for the reporting period[70]. - The company has not yet listed its shares on the stock exchange as of June 30, 2024[77]. Cash and Receivables - Cash and cash equivalents as of June 30, 2024, were approximately RMB 209.8 million, an increase of 33.5% from RMB 157.2 million as of December 31, 2023[49]. - Trade and other receivables and prepayments as of June 30, 2024, were approximately RMB 242.5 million, an increase of about 81.2% from RMB 133.8 million as of December 31, 2023, primarily due to business expansion and growth[51]. - As of June 30, 2024, trade receivables (net of credit loss provisions) increased to RMB 149,501,000 from RMB 97,833,000 as of December 31, 2023, representing a growth of 52.8%[127]. - The total deposits and prepayments as of June 30, 2024, amounted to RMB 93,004,000, a significant increase from RMB 35,926,000 as of December 31, 2023, reflecting a growth of 158.5%[126]. Investments and Acquisitions - The company had no significant investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures during the reporting period[52]. - The company acquired a 0.3866% stake in Shenzhen Guanglian Digital Technology Co., Ltd. as part of the group restructuring on March 24, 2023[99]. - The company invested RMB 14,589,000 in existing associates and new entities during the interim period, compared to no investments in the same period of 2023[125]. Financial Position - The total assets as of June 30, 2024, amounted to RMB 588,842 thousand, an increase from RMB 565,851 thousand as of December 31, 2023[92]. - The total equity attributable to owners of the company was RMB 384,159 thousand as of June 30, 2024, compared to RMB 365,412 thousand at the end of 2023[94]. - The company’s non-current assets are entirely located in China, and all revenue is derived from the Chinese market[109]. Recent Developments - The company successfully listed its ordinary shares on the Hong Kong Stock Exchange on July 15, 2024, issuing a total of 63,600,000 shares at a par value of HKD 4.70 each[145].

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 308,433 thousand, representing a 23.9% increase compared to RMB 248,994 thousand for the same period in 2023[1] - Gross profit for the same period was RMB 172,344 thousand, a significant increase of 64.7% from RMB 104,651 thousand in the previous year[1] - Adjusted net profit for the six months ended June 30, 2024, was RMB 26,682 thousand, up 7.7% from RMB 24,775 thousand in the prior year[1] - The company reported a period profit of RMB 18,825 thousand, which is a decrease of 6.1% compared to RMB 20,043 thousand in the same period last year[1] - The company reported a net profit attributable to owners of RMB 18,896 thousand for the six months ended June 30, 2024, a decrease of 3.3% from RMB 19,532 thousand in the same period of 2023[23] - The company reported a net profit of approximately RMB 18.8 million, a decrease of about 6.0% from RMB 20.0 million in the same period of 2023[49] Assets and Liquidity - Total assets as of June 30, 2024, amounted to RMB 588,842 thousand, an increase from RMB 565,851 thousand as of December 31, 2023[4] - Cash and cash equivalents increased to RMB 209,790 thousand from RMB 157,223 thousand, indicating improved liquidity[4] - Trade and other receivables rose significantly to RMB 149,501 thousand from RMB 97,833 thousand, reflecting growth in sales[4] - Trade receivables (net of credit loss provisions) totaled RMB 149.5 million as of June 30, 2024, compared to RMB 97.8 million as of December 31, 2023[27] - Trade and other receivables and prepayments increased by approximately 81.2% to RMB 242.5 million, driven by business expansion and growth[52] Expenses - The company incurred listing expenses of RMB 7,857 thousand during the reporting period, compared to RMB 4,732 thousand in the previous year[2] - Research and development expenses increased to RMB 9,752 thousand from RMB 6,798 thousand, highlighting a focus on innovation[2] - Distribution and selling expenses increased by approximately 96.7% to RMB 124.3 million, primarily due to the expansion of SaaS value-added services[43] - Research and development expenses rose by approximately 44.1% to RMB 9.8 million, mainly due to increased employee compensation and software amortization costs[45] - The depreciation and amortization expenses totaled RMB 7,916 thousand for the six months ended June 30, 2024, compared to RMB 6,578 thousand in 2023, indicating an increase of 20.4%[21] Shareholder Information - Basic and diluted earnings per share for the period were RMB 0.31, down from RMB 0.33 in the same period last year[3] - The weighted average number of ordinary shares used for calculating basic earnings per share increased to 60,600,000 for the six months ended June 30, 2024, compared to 59,111,640 in 2023[23] - The company did not declare or propose any dividends during the reporting period[22] - No interim dividend has been proposed for the reporting period[64] Market and Business Development - The company signed cooperation agreements with two automotive manufacturers, including a leading new energy vehicle manufacturer, to enhance digital marketing capabilities[31] - The company expanded its SaaS value-added services, introducing new products such as extended vehicle warranties and collision repair benefits to meet evolving customer needs[32] - The company plans to increase collaboration with new energy vehicle manufacturers and expand product offerings in stores to drive revenue and gross profit growth[35] - The company is focusing on enhancing R&D capabilities to explore monetization paths for data elements in the automotive intelligent networking sector[35] Intellectual Property - Two new invention patents related to automotive intelligent networking were granted, bringing the total authorized patents to 28[33] Corporate Governance - The audit committee, composed of three independent non-executive directors, has reviewed the unaudited interim financial information for the reporting period[66] - The interim results announcement is available on the company's website and the Hong Kong Stock Exchange website[67] Employee Information - The company has 236 full-time employees primarily located in Shenzhen, Guangdong Province, China[57] - Employee compensation includes salaries, bonuses, and allowances, with participation in social insurance plans as per Chinese regulations[58] - The company has adopted a share option plan for rewarding directors and eligible employees, with no options granted, exercised, canceled, or lapsed as of the announcement date[58]