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]