Financial Performance - The company's revenue for the fiscal year ending March 31, 2023, was approximately RMB 907.27 million, a decrease of 13.3% from RMB 1,046.30 million in 2022[15]. - The company reported a loss attributable to shareholders of approximately RMB 243.56 million, compared to a profit of RMB 14.66 million in the previous year[15]. - The company reported a revenue decline of 13.3% from RMB 1,046,296,000 in 2022 to RMB 907,274,000 in 2023[24]. - The gross profit for the system integration segment decreased significantly, resulting in a gross loss of RMB 54,767,000 in 2023 compared to a gross profit of RMB 165,730,000 in 2022[25]. - The company's attributable loss for the year was approximately RMB 243.56 million, a significant decline from a profit of approximately RMB 14.66 million in 2022, mainly due to increased expected credit losses and decreased gross profit[58]. - Gross profit fell by 47.4% to approximately RMB 93.90 million, with a gross margin decline of 6.8 percentage points to 10.3%, attributed to the increase in the proportion of lower-margin smart terminal product sales from 85.2% in 2022 to 92.9% in the current year[44]. - The net other losses amounted to approximately RMB 54.59 million, a significant change from a net gain of approximately RMB 3.66 million in 2022, primarily due to foreign exchange losses and goodwill impairment related to the acquisition of Weitu Group[46]. - Expected credit loss under the impairment model surged by 879.2% to approximately RMB 151.00 million, driven by an increase in trade receivables from approximately RMB 903.36 million to approximately RMB 1,429.05 million[50]. Research and Development - The company continues to focus on innovation and expanding its product offerings in intelligent security and integrative solutions, particularly in the Pearl River Delta region[1][2]. - The company has a strong R&D team with hundreds of intellectual property rights, including patents and software copyrights, enhancing its technological capabilities[10]. - The company plans to increase R&D investment and expand its digital ecosystem in the industrial IoT and digitalization sectors[11]. - Research and development expenses increased by 216.4% to approximately RMB 39.65 million, reflecting the company's commitment to future performance improvement[56]. - The group has developed over 100 intellectual property rights, including invention patents and software copyrights, enhancing its research and development capabilities[164]. Market Strategy and Expansion - The company aims to enhance its market presence and explore new business opportunities across various sectors, including public safety and smart agriculture[9]. - The company is actively pursuing opportunities in the fields of IoT, 5G, and digital transformation, aiming to integrate advanced technologies such as AI and big data into its solutions[9]. - The company is entering the chip manufacturing sector as part of its growth strategy[13]. - The company aims to expand its IoT business into the consumer market through an investment in Squirrel Fast Food, which focuses on smart kitchen technology[99]. - The company is exploring investment and acquisition opportunities in the IoT market, 5G, and related industries, planning to use internal resources for business expansion[81]. - The company is actively seeking suitable acquisition targets that can create strong synergies with its existing core business to support operational growth[112]. Economic Environment and Challenges - The company has faced challenges due to the lingering impacts of the COVID-19 pandemic and global economic uncertainties, affecting its sales in smart terminal products and system integration[15]. - The Chinese government set a GDP growth target of around 5% for 2023, the lowest in nearly 30 years, reflecting ongoing economic challenges[29]. - The company recognizes the ongoing challenges in the economic environment, including the impact of the COVID-19 pandemic and international geopolitical tensions[29]. - The group is focused on self-innovation and increasing contributions to the community, particularly for underprivileged groups[140]. Governance and Management - The company appointed Mr. Li Yang as Executive Director and Vice Chairman in March 2023 to enhance governance and drive business development[20]. - The board of directors is responsible for the company's ESG management framework, ensuring effective implementation of ESG policies[132]. - The ESG working group, comprising various departments, is tasked with assessing and managing sustainability risks, including climate change[133]. Sustainability and ESG Initiatives - The company emphasizes the importance of ESG reporting and aims to provide comprehensive and accurate data to stakeholders[115]. - The company is committed to fostering an environmentally conscious culture among employees, aiming for energy conservation and emission reduction[135]. - The company is committed to reducing operational environmental impact, including emissions and resource consumption[140]. - The group has established channels for stakeholder participation to assess the importance of ESG issues[147]. Partnerships and Collaborations - The company has established partnerships with renowned universities and research institutions to foster innovation and technology transfer[10]. - The company signed a strategic cooperation agreement with Shenzhen Times Innovation to invest in domestic computing products, including laptops and servers, aiming for resource sharing and technological innovation[96]. - The company established a strategic partnership with Wuhan University for a three-year collaboration focused on IoT research and development, which has since been terminated[172]. Product Development and Innovation - The company is focused on developing customized IoT smart terminal products despite the adverse market conditions[37]. - The company has successfully completed several strategic collaborations aimed at enhancing its technological capabilities and market reach[93][94][96][99]. - The company has developed an electronic gas cylinder monitoring system to manage and track the inspection, filling, transportation, storage, and sales of gas cylinders, enhancing safety measures[179]. - The intelligent traffic control system aims to improve road traffic efficiency and safety through real-time monitoring and data analysis[183].

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 的 任 何 損 失 承 擔 任 何 責 任。 IBO TECHNOLOGY COMPANY LIMITED 艾伯科技股份有限公司 （於開曼群島註冊成立之有限公司） （股份代號：2708） 截 至2023年3月31日 止 年 度 的 全 年 業 績 公 告 業 績 摘 要 — 截 至2023年3月31日 止 年 度 的 收 入 為 人 民 幣 約90,727萬 元，較 截 至 2022年3月31日 止 年 度 的 人 民 幣 約104,630萬 元 下 降13.3%。 — 截 至2023年3月31日 止 年 度 的 毛 利 為 人 民 幣 約9,390萬 元，較 截 至2022 年3月31日 止 年 度 的 人 民 幣 約17,860萬 元 下 降47.4%。截 至20 ...

Revenue Growth - For the six months ended September 30, 2022, the company's revenue from smart terminal product sales increased by approximately 37.5% to RMB 366.15 million, compared to RMB 266.28 million in the same period of 2021[17]. - The company reported a revenue increase of 37.5% year-on-year for the six months ended September 30, 2022, reaching RMB 400,000 thousand[27]. - The company's revenue increased by 37.5% to approximately RMB 366.15 million for the period, compared to RMB 266.28 million in the same period last year[52]. - The total revenue from smart terminal product sales for the six months ended September 30, 2022, was RMB 313,866,000, up from RMB 206,258,000 in the previous year, marking a growth of approximately 52%[179]. - The company reported a total revenue of RMB 366,154,000 for the six months ended September 30, 2022, compared to RMB 266,275,000 in the same period of 2021, reflecting an overall growth of approximately 37.5%[179]. Profitability - Gross profit rose by approximately 14.2% to RMB 76.33 million, up from RMB 66.85 million in the previous year[17]. - The company's attributable profit increased by 69.1% to approximately RMB 7.39 million, driven by increased revenue and gross profit from smart terminal product sales[65]. - The gross profit margin for the company's smart terminal product sales increased by 10.2% year-on-year, with gross profit reaching RMB 80,000 thousand for the six months ended September 30, 2022[29]. - The group's gross profit increased by 14.2% to approximately RMB 76.33 million, driven by a significant 52.2% year-on-year growth in smart terminal product sales, although the gross margin decreased by 4.3 percentage points to 20.8%[53]. Business Development and Strategy - The company is focusing on developing and selling customized IoT smart terminal products, which significantly contributed to revenue growth during the period[18]. - The company is actively developing and mass-producing more domestic innovation products to meet market and government demands, particularly in the context of increasing emphasis on technology security and domestic substitution[22]. - The company aims to enhance its overall competitiveness in the domestic innovation industry through the establishment of a complete ecosystem in the smart manufacturing industry park[19]. - The company is focused on the integration of its three main business segments: domestic innovation, 5G, and IoT, to create synergies and drive further breakthroughs[22]. - The company is currently exploring investment and acquisition opportunities in the IoT market, 5G, and related industries, planning to use internal resources for business expansion[95]. Government Policies and Market Opportunities - The central government has introduced favorable policies to accelerate the development of the domestic innovation industry, creating significant market opportunities for the company[18]. - The government has introduced favorable policies to support the domestic innovation industry, marking a shift towards accelerated domestic substitution[34]. - The national "信创" (Xinchuang) industry is expected to exceed RMB 2 trillion by 2025, driven by government policies promoting domestic software and hardware development[112]. - The government has launched initiatives to promote 5G applications across 15 industries, including industrial internet, finance, education, and healthcare[39]. Research and Development - The company aims to enhance its R&D capabilities significantly with the completion of the Aiber Technology Intelligent Manufacturing Industrial Park project, which is expected to help secure more public and private sector projects[22]. - Aiber Technology's research and development efforts are aimed at producing domestically manufactured laptops and mobile terminals, aligning with national infrastructure goals[112]. - The company has received multiple patents, including a utility model patent for a computer noise reduction device and an invention patent for a laptop cooling system, enhancing its technological capabilities[104]. - The company has achieved compliance with various quality and environmental management standards, including ISO9001:2015 and ISO14001:2015, ensuring high operational standards[108]. Financial Position - As of September 30, 2022, the group's current assets net value was approximately RMB 453 million, up from RMB 324.25 million on March 31, 2022[67]. - The total assets as of September 30, 2022, amounted to RMB 1,478,515 thousand, compared to RMB 1,204,304 thousand as of March 31, 2022, marking an increase of about 22.7%[152]. - The total equity attributable to the owners of the company increased to RMB 663,891 thousand from RMB 534,619 thousand, reflecting a growth of approximately 24.2%[153]. - The company's cash and cash equivalents decreased to RMB 39,870 thousand from RMB 243,611 thousand, a decline of about 83.7%[152]. Employee and Management - The company expresses gratitude to its employees, management team, customers, partners, shareholders, and stakeholders for their ongoing support and trust, aiming to create better returns for investors and shareholders[23]. - As of September 30, 2022, the company employed 205 staff, a decrease from 255 employees in the same period of 2021, with employee costs amounting to approximately RMB 32.79 million[95]. - The company has implemented an employee stock option plan to attract and retain talented staff, with 36,970,524 options granted as of July 16, 2021, none of which have been exercised by September 30, 2022[95]. Acquisitions and Investments - The company agreed to acquire a 16.67% stake in Times Innovation Group for RMB 20,000,000, with total consideration potentially reaching RMB 100,000,000 upon meeting performance targets[77]. - The acquisition of 51.7321% of Mingluo's issued share capital involved a cash payment of RMB 27,520,000 and the issuance of up to 27,318,773 shares at an issue price of HKD 2.0[88]. - The company is planning to actively seek acquisition targets that can create strong synergies with its existing business to support operational growth and enhance its market position[120].

Company Overview - IBO Technology Company Limited is a leading provider of industrial digitalization solutions and services in China, focusing on IoT technology for over 20 years[17]. - The company has made significant breakthroughs in 5G communication and information technology applications, investing substantial resources in these areas[17]. - IBO Technology has successfully developed a series of domestic electronic terminal products, including ultra-thin laptops and high-integration desktop computers, meeting security standards above Level 3.0[19]. - The company provides 5G network equipment and industry-specific 5G private network solutions for various sectors, including steel, education, healthcare, and security[18]. - IBO Technology has established itself as a key player in the domestic electronic terminal market, addressing the shortage of high-end terminal products[19]. - The company aims to offer one-stop industrial digitalization solutions by integrating its IoT products, 5G communication equipment, and electronic terminals[20]. - IBO Technology's business network extends across the country, with a focus on the Pearl River Delta region[1]. - The company is committed to continuous innovation and the introduction of new technologies and services to its customers[1]. - IBO Technology's stock is listed on the Hong Kong Stock Exchange under the code 2708[16]. Financial Performance - The company's revenue for the fiscal year ending March 31, 2022, was approximately RMB 1,046.3 million, a significant increase of 86.7% compared to RMB 560.3 million in the previous year[27]. - The profit attributable to the company's owners was approximately RMB 14.66 million, a turnaround from a loss of RMB 42.1 million in the previous year[27]. - Sales of smart terminal products increased by approximately 121.7% year-on-year to about RMB 891.37 million, driven by favorable national policies and the delivery of previously signed orders[28]. - The software development business recorded revenue of approximately RMB 104.23 million, representing a year-on-year increase of about 129.1%[28]. - The company anticipates significant growth in the domestic innovation industry over the next three to five years, benefiting from increased demand for domestic technology products[29]. - The company has established a sales contract with Guangxi Hongyingda Electronics for over 10,000 units of various nationalized IT products, including laptops and all-in-one computers[30]. - The company has signed an ODM cooperation agreement with Shenzhen Aerospace Huatuo Technology to jointly produce and sell 200,000 domestically produced laptops[30]. - The company reported a loss attributable to shareholders of RMB 42.1 million for the fiscal year 2022, compared to a loss of RMB 14.7 million in 2021, highlighting challenges in profitability[41]. - The gross profit for smart terminal product sales was RMB 180 million, showing an increase from RMB 165.7 million in the previous year, indicating a positive growth trend[40]. - The company anticipates a significant demand for domestic PCs, with over one million units expected to be procured by government agencies and enterprises from 2022 to 2025, indicating a substantial market opportunity[141]. Market and Industry Trends - The 5G market in China is expected to experience substantial growth, with the company having obtained telecom equipment access permits for 5G base stations, allowing direct procurement in 22 provincial markets[34]. - The company believes that technological innovation is essential for growth, focusing on three main business segments: 5G, trusted computing, and IoT, which are interconnected and synergistic[35]. - The Chinese trusted computing industry is projected to grow from RMB 1,375.88 billion in 2021 to RMB 3,701.13 billion by 2027, indicating substantial market potential[45]. - The government is actively promoting the trusted computing industry, which is expected to enhance the application ratio of domestic products across key sectors such as finance and telecommunications[46]. - The company aims to leverage the rapid growth of the 5G network, which has seen over 1.42 million base stations built by the end of 2021, to expand its business in various sectors including finance and education[50]. Research and Development - The company is committed to enhancing its product development and market promotion efforts to capture more market share in the domestic trusted computing IT products sector[35]. - The company has developed new products, including a 5G communication base station with automatic cooling features, which received an invention patent on January 21, 2022[121]. - The R&D team added 28 new members with R&D investment exceeding RMB 12.5 million[192]. - The group received multiple patents, including a utility model patent for a 5G RF remote device and an invention patent for a load balancing management method for base stations, enhancing its technological portfolio[115][118]. - The group has expanded its patent portfolio with several software copyright registrations, including for 5G CPE embedded software and traffic monitoring systems[118]. Strategic Partnerships and Collaborations - The company has formed a strategic partnership with Alba Cultural Sports Development to apply 5G technology in the entertainment and esports sectors[34]. - The company established a strategic cooperation framework agreement with Alba Cultural Sports Development to optimize and share resources in the esports industry, covering over 6,600 esports venues and 2,000 esports hotels nationwide[125]. - The company signed a 5G technology application cooperation contract for a well-known esports brand's venue, with exclusive rights to provide 5G signal coverage and related services[127]. - The company entered into a purchase contract with Guangxi Hongying Electronic for 10,050 units of 14-inch domestic laptops and 150 units of all-in-one computers, totaling RMB 51.805 million[133]. - The company signed a strategic cooperation agreement with Aerospace Huatuo for an ODM project involving 200,000 units of domestically produced laptops, focusing on product development and certification[136]. Corporate Governance and ESG - The company emphasizes sustainable development as a long-term strategy, integrating ESG principles into daily operations to create long-term value for stakeholders[174]. - The board of directors is responsible for the overall ESG management framework, ensuring effective implementation of ESG policies[176]. - The ESG working group, composed of various departments, is tasked with assessing and managing operational risks related to sustainability[177]. - The company is committed to low-carbon operations and energy conservation, seeking a balance between development and environmental responsibility[181]. - The company has established open communication channels for employees to report ESG-related issues and suggestions to management[181]. Employee and Organizational Development - The group employed 231 staff, an increase from 226 staff in the previous year[112]. - Employee costs, including director remuneration, amounted to approximately RMB 77.45 million, up from RMB 40.76 million in the previous year, reflecting a significant increase of 90.2%[112]. - The company has granted a total of 40 million stock options under its stock option plan, which were fully exercised during the year[112]. - The company is committed to regular reviews of employee compensation policies and training opportunities to ensure professional development[112]. - The proportion of female employees increased by 10.39%[192]. Environmental Impact - Carbon emission intensity decreased by 13.08% compared to the previous year[192]. - Water consumption and water consumption intensity decreased by 22.73% and 42.19% respectively compared to the previous year[192]. - The company achieved zero work injuries, zero fatalities, and zero confirmed cases related to health and safety issues[192]. - The company made a donation of RMB 1 million for educational support[192]. - The company promotes a paperless office concept across headquarters and branches[191].

Financial Performance - The company successfully turned a loss into a profit for the six months ending September 30, 2021, with revenue increasing by 39.7% to approximately RMB 266.28 million compared to RMB 190.67 million in the same period of 2020[23]. - The company recorded a profit attributable to owners of the company of approximately RMB 4.37 million, compared to a loss of approximately RMB 15.45 million in the same period of 2020[23]. - The company's total revenue for the first half of 2021 reached RMB 266.275 million, a 39.6% increase from RMB 190.672 million in the same period of 2020[49]. - The gross profit for the same period was RMB 66.9 million, compared to RMB 44.6 million in 2020, reflecting a gross margin improvement[141]. - The company reported a net profit of RMB 5.5 million for the six months ended September 30, 2021, a significant recovery from a net loss of RMB 11.4 million in the prior year[141]. - The company reported a total comprehensive income of RMB 37,081 thousand for the six months ended September 30, 2021, compared to a loss of RMB (15,445) thousand for the same period in 2020, indicating a turnaround in performance[149]. Revenue Breakdown - Sales of smart terminal products and software development saw significant growth, with revenue increases of approximately 22.4% and 255.9% respectively compared to the same period in 2020[23]. - Sales of smart terminal products accounted for 77.5% of total revenue, amounting to RMB 206.258 million, representing a growth of 22.4% compared to RMB 168.507 million in the previous year[50]. - Software development revenue surged by 255.9% to approximately RMB 54.916 million, making it the fastest-growing segment, contributing 20.6% to total revenue[54]. - System integration revenue decreased significantly by approximately 99.2% to around RMB 0.017 million, accounting for 0.0% of total revenue[53]. - System maintenance services generated revenue of approximately RMB 5.084 million, reflecting a year-on-year increase of 16.8% from RMB 4.346 million[58]. 5G Development and Strategy - As of September 30, 2021, China had 1.159 million 5G base stations, with the government accelerating the integration of 5G into key industries[24]. - The company received a telecommunications equipment network access license from the Ministry of Industry and Information Technology, allowing it to operate in the 5G frequency bands of major telecom operators[24]. - The company aims to strengthen partnerships across various industries to accumulate experience in applying 5G technology[25]. - The company is well-positioned to capitalize on the explosive growth of 5G small base stations and indoor distribution systems[24]. - The company is focusing on the development of 5G communication equipment, IT terminal products, IoT solutions, and industry digitalization solutions[26]. - The company aims to integrate 5G, IT innovation, and IoT technologies to provide comprehensive one-stop industry digitalization solutions[26]. - The company anticipates a significant increase in sales of 5G products, including pico base stations and indoor distribution systems, driven by strong market demand, with over 800,000 5G base stations expected to be built by telecom operators in 2021[106]. - By 2024, the number of newly built 5G base stations is projected to reach 2.65 million, indicating a robust growth trajectory for the 5G infrastructure[106]. Market Opportunities and Challenges - The central government's policies are accelerating the digitalization and domestic substitution processes, creating substantial growth opportunities in the 5G and IT innovation sectors[38]. - The domestic procurement ratio in key industries is expected to increase, benefiting the company from market gaps and potentially enhancing market share[26]. - The company acknowledges the challenges posed by recent global economic uncertainties but remains confident in the positive fundamentals of the Chinese economy[27]. - The demand for the company's three main business segments—5G, Xinchuang IT, and IoT—has significantly increased due to favorable national policies[45]. Financial Position and Investments - As of September 30, 2021, the group's current assets net value was approximately RMB 496.23 million, up from RMB 371.80 million on March 31, 2021[76]. - The total amount of bank and other borrowings increased to approximately RMB 51.92 million from RMB 35.14 million as of March 31, 2021[77]. - The company issued bonds totaling HKD 38.22 million during the period, compared to HKD 21.55 million in the same period last year[77]. - The company is exploring investment and acquisition opportunities in the Internet of Things and 5G-related industries, planning to use internal resources for business expansion[90]. - The company is committed to expanding its market presence globally while consolidating its existing operations in China, particularly in 5G private network construction[110]. Strategic Partnerships - In June 2021, the company established a strategic partnership with Alba Cultural Sports Development, which operates over 6,600 esports venues nationwide[25]. - A strategic cooperation framework agreement was established with Alba Cultural Sports Development to enhance 5G signal coverage and telecom value-added services in over 6,600 esports venues and 2,000 esports hotels[100]. - The company has signed a cooperation contract with Alba Cultural Sports Development for the application of 5G technology in a well-known esports venue, further expanding its market reach[113]. Research and Development - Research and development expenses rose by 21.7% to approximately RMB 9.25 million, attributed to expanded personnel in the R&D department for 5G product development[73]. - The company aims to leverage its 20 years of industry experience to provide innovative digital transformation solutions for its clients[46]. - Future outlook includes continued investment in R&D and expansion into new markets to drive growth and enhance product offerings[165].

Financial Performance - The company's revenue for the fiscal year ending March 31, 2021, was approximately RMB 560.33 million, an increase of 14.9% compared to RMB 487.76 million in 2020[30]. - The system integration business revenue surged to approximately RMB 101.00 million, a significant increase of 627.1% from RMB 13.89 million in 2020, accounting for 18.0% of total revenue[30]. - Revenue from intelligent terminal product sales, which contributed 71.7% of total revenue, grew by 0.2% to approximately RMB 402.00 million[30]. - The company's gross profit for the year was approximately RMB 116.02 million, up 2.4% from RMB 113.30 million in 2020[30]. - The loss attributable to the company's owners narrowed by 20.5% to approximately RMB 42.10 million, compared to RMB 52.96 million in 2020[30]. - Total revenue for the year increased by 14.9% to approximately RMB 563.3 million from RMB 487.6 million in 2020, primarily due to the significant contribution from the system integration business[58]. - The software development business revenue decreased by 28.1% to approximately RMB 45.49 million from RMB 63.30 million in 2020, representing 8.2% of total revenue[54]. - The system maintenance services revenue grew by approximately 26.7% to RMB 11.83 million from RMB 9.34 million in 2020, making up 2.1% of total revenue[57]. - Gross profit rose by 24% to approximately RMB 116.02 million from RMB 113.30 million in 2020, with a gross margin decrease of 2.5 percentage points to 20.7%[59]. - Other income increased by 7.1% to approximately RMB 4.83 million from RMB 4.51 million in 2020, mainly due to higher interest income[60]. - Net other losses decreased by 39.5% to approximately RMB 33.99 million from RMB 56.21 million in 2020, attributed to foreign exchange gains and reduced impairment losses[61]. Business Strategy and Development - The company aims to continue expanding its business network across China while focusing on innovation and technology development[2]. - Future plans include increasing R&D investment and expanding the application of IoT technology across various industries[22]. - The company is committed to enhancing its service capabilities and providing innovative solutions to its customers[20]. - The company aims to capture more market share in the concentrated procurement of China Mobile operators in 2021 and beyond, leveraging the rapid development of 5G in China[31]. - The company has been actively exploring 5G applications across multiple sectors, including smart communities, healthcare, and education, with ongoing projects in collaboration with various partners[32]. - The company plans to continue enhancing its technology and product offerings to support the expansion of 5G infrastructure and applications in the coming years[33]. - The group is currently exploring investment and acquisition opportunities in the IoT market and 5G-related industries, expecting to use internal resources for business expansion[93]. - The company aims to increase R&D investment in 5G products, enhancing its product line and positioning for significant roles in upcoming centralized procurement by telecom operators[155]. - The company plans to expand its overseas retail business and build a collaborative, global marketing network in response to the recovery of the global economy post-COVID-19[162]. Partnerships and Collaborations - The company has established partnerships with well-known research institutions for joint R&D in advanced technologies such as AI and big data[21]. - The company has established strategic partnerships with various industries, including a collaboration with Alba Cultural Sports Development Co., which operates over 6,600 esports venues nationwide[32]. - The company has signed a cooperation agreement with Yunnan Changshui Education Holdings Group for a "5G + AI Smart Education" project, establishing a laboratory in Kunming[160]. - A strategic cooperation agreement was signed with Zhonglian Ruihong (Chengdu) Asset Management to jointly promote 5G infrastructure construction projects, including the establishment of a joint venture company for 5G base station construction[146]. - The company has entered into a procurement contract with China Mobile Integration for 5G indoor coverage system equipment, with a total contract value of RMB 32,544,000[152]. - The company received a procurement winning notice for a 5G private network project from Changzhou Telecom, with a contract amount of RMB 2,385,000[153]. Research and Development - The company has a strong technical team with over 100 intellectual property rights, including patents and software copyrights[21]. - R&D expenses surged by 261.1% to approximately RMB 13.94 million from RMB 3.86 million in 2020, reflecting increased investment in new technology and product development[69]. - The company has successfully developed a new generation of low-cost indoor coverage products for 5G, which passed technical testing by China Mobile on August 6, 2020[155]. - Aiber has launched self-developed 5G small base stations and indoor distribution products, obtaining multiple intellectual property rights, and has begun supplying these products to telecom operators across various industries[160]. Financial Position and Assets - As of March 31, 2021, the group's net current assets were approximately RMB 371.8 million, compared to RMB 284.0 million on March 31, 2020[74]. - The group's bank balances and cash amounted to approximately RMB 232.16 million as of March 31, 2021, up from RMB 69.18 million in the previous year[74]. - The group's total borrowings amounted to approximately RMB 35.14 million as of March 31, 2021, compared to RMB 21.05 million in the previous year[75]. - The group's capital expenditure decreased by 50.3% to approximately RMB 4.9 million, down from RMB 9.85 million in the previous year[78]. - The group's debt-to-equity ratio was approximately 39.5% as of March 31, 2021, compared to 51.6% in the previous year[77]. Environmental, Social, and Governance (ESG) - The company is committed to sustainable development and aims to become an internationally influential enterprise while fulfilling its social responsibilities[175]. - The board of directors is responsible for the overall ESG management system and ensures the effectiveness of ESG policies[180]. - The ESG working group, composed of the corporate development, finance, and human resources departments, is tasked with daily operations related to ESG matters[179]. - The group emphasizes environmental awareness among employees and aims for a balance between development and environmental sustainability[179]. - The company has established a clear internal control system to manage risks related to ESG, with independent consultants assessing the effectiveness of these controls[181]. - Regular tracking and compliance with applicable laws and regulations are conducted by the legal and corporate development departments[185]. - Stakeholder engagement is prioritized through various channels, including meetings, surveys, and direct communication, to align with their expectations[186]. - A materiality assessment was conducted to identify significant ESG issues affecting the company and its stakeholders[193]. - The company is committed to sustainable development and community investment as part of its corporate social responsibility strategy[191]. - The company aims to foster a culture of inclusivity and safety in the workplace while promoting equal employment opportunities[179]. - The company identified 18 key ESG issues that are important for monitoring, management, and disclosure[199]. - The company emphasizes greenhouse gas management and waste management as part of its environmental strategy[199]. - The company has established a supplier evaluation mechanism to enhance supply chain management[199]. - The company focuses on employee training management to ensure health and safety standards[199]. - The company is committed to preventing bribery, extortion, fraud, and money laundering as part of its anti-corruption efforts[199]. - The company prioritizes quality control and intellectual property protection under product responsibility[199]. - The company engages in community investment initiatives, including educational support and poverty alleviation[199]. - The company has implemented energy and water efficiency measures to optimize resource usage[199]. - The company promotes equal opportunities in employment practices, including recruitment and compensation[199]. - The company has developed an environmental management system to address environmental and natural resource concerns[199].

Revenue Performance - The company's revenue for the six months ended September 30, 2020, was approximately RMB 190.67 million, a decrease of 22.3% compared to RMB 245.41 million for the same period in 2019[12]. - The decline in revenue was attributed to the impact of the COVID-19 pandemic, with sales in smart terminal products, system integration, software development, and system maintenance services experiencing year-on-year declines of approximately 15.4%, 69.6%, 53.0%, and 20.6%, respectively[12]. - Revenue from smart terminal product sales was RMB 168.51 million, accounting for 88.3% of total revenue, with a year-on-year decline of approximately 15.4%[25]. - System integration revenue fell to RMB 2.39 million, representing a 69.6% decrease year-on-year, and accounted for 1.3% of total revenue[28]. - Software development revenue decreased by approximately 53.0% to RMB 15.43 million, making up 8.1% of total revenue[29]. - System maintenance service revenue was RMB 4.35 million, down 20.6% year-on-year, and accounted for 2.3% of total revenue[31]. - Total revenue for the six months ended September 30, 2020, was RMB 190,672,000, down from RMB 245,413,000 in the same period last year, representing a decline of 22.3%[133]. Profitability and Loss - The gross profit for the six months ended September 30, 2020, was RMB 38.70 million, reflecting a decrease of 40.0% compared to RMB 64.49 million in the same period of 2019[21]. - Gross profit decreased by 32.2% to RMB 44.56 million, with a gross margin of 23.4%, down 3.4 percentage points from the previous year[34]. - The company reported a loss before tax of RMB 6,280,000 for the six months ended September 30, 2020, compared to a profit of RMB 12,180,000 in the same period of 2019[106]. - The loss attributable to owners of the company was approximately RMB 15.45 million, compared to a profit of RMB 0.73 million in the same period last year, primarily due to the impact of the COVID-19 pandemic on various business segments[45]. - The company reported a total comprehensive loss of RMB 15,445,000 for the six months ended September 30, 2020, compared to a profit of RMB 730,000 in the same period of 2019[150]. Expenses and Financial Management - Distribution and selling expenses rose by 92.3% to approximately RMB 3.98 million, up from RMB 2.07 million in the same period last year, mainly due to the need for more sales personnel to develop the market for new business segments[40]. - Administrative expenses decreased by 25.3% to approximately RMB 19.24 million, down from RMB 25.76 million in the same period last year, primarily due to the cancellation of stock options and a reduction in employee numbers[41]. - Financial costs increased by 30.2% to approximately RMB 8.89 million, compared to RMB 6.83 million in the same period last year, mainly due to an increase in outstanding bond principal and bank borrowings[42]. - R&D expenses remained stable at approximately RMB 7.60 million, the same as in the previous year, despite the need for more R&D resources for new business segments[43]. - Income tax expenses decreased by 40.8% to approximately RMB 5.10 million, down from RMB 8.61 million in the same period last year, due to a decline in pre-tax profits[44]. Assets and Liabilities - As of September 30, 2020, the group's net current assets were approximately RMB 293.36 million, compared to RMB 283.99 million as of March 31, 2020[47]. - The total amount of bank borrowings and other borrowings was approximately RMB 53.95 million, up from RMB 21.05 million as of March 31, 2020[48]. - The company's debt-to-equity ratio was approximately 63.6%, up from 51.6% as of March 31, 2020[54]. - Total assets as of September 30, 2020, were RMB 582,188,000, an increase from RMB 497,751,000 as of March 31, 2020[109]. - The company's current liabilities increased to RMB 293,356,000 as of September 30, 2020, compared to RMB 283,986,000 as of March 31, 2020[109]. - The company's total non-current liabilities amounted to RMB 126,808 thousand, a decrease from RMB 133,371 thousand as of March 31, 2020, representing a reduction of approximately 4.2%[110]. Strategic Focus and Development - The company has focused on 5G and IoT solutions, successfully signing agency cooperation agreements with several Chinese telecom operators during the pandemic[13]. - The company aims to enhance its R&D efforts and introduce high-frequency 5G smart products to the market, positioning itself for future economic models centered around 5G technology[14]. - The focus on smart city solutions and comprehensive system solutions is expected to align with national policies promoting technological innovation and infrastructure development[13]. - The company is currently exploring investment and acquisition opportunities in the Internet of Things (IoT) and 5G-related industries, planning to use internal resources for business expansion[63]. - The company is expanding into the Internet of Things (IoT) sector, providing digital transformation solutions across various industries, including schools and hospitals[92]. Human Resources and Management - The total number of employees as of September 30, 2020, was 243, down from 289 in the same period of 2019, with employee costs amounting to approximately RMB 24.96 million[64]. - The total remuneration for key management personnel for the six months ended September 30, 2020, was RMB 6,244,000, an increase of 26.5% compared to RMB 4,939,000 for the same period in 2019[181]. - The company is continuously seeking to recruit experienced professionals in the telecommunications industry to strengthen its talent pool[86]. Corporate Governance and Compliance - The company has confirmed compliance with the corporate governance code throughout the reporting period, emphasizing its commitment to maintaining good governance practices[184]. - The company did not declare any dividends for the current interim period, consistent with the previous year[149]. Investment and Financing Activities - The company issued bonds totaling HKD 21.55 million during the period, compared to HKD 3.60 million in the same period last year[48]. - The company raised RMB 46,000 thousand from bank borrowings during the financing activities for the six months ended September 30, 2020, compared to RMB 24,890 thousand in the same period of the previous year[118]. - The company has utilized approximately RMB 21,780,000 of the net proceeds for the "Tongliao Smart Animal Husbandry Digitalization Project," leaving RMB 4,844,000 unutilized as of September 30, 2020[104].

Financial Performance - The company reported a significant growth in revenue, with a year-on-year increase of 25% in the last fiscal year[9]. - The company's revenue for the fiscal year ending March 31, 2020, was approximately RMB 487.76 million, a 63.2% increase from RMB 298.92 million in 2019[17]. - Revenue from smart terminal product sales, which accounted for 82.3% of total revenue, grew to approximately RMB 401.22 million, up 63.6% from RMB 245.20 million in 2019[30]. - Software development revenue increased to approximately RMB 63.30 million, representing a 102.0% growth from RMB 31.34 million in 2019[17]. - The gross profit for the fiscal year was approximately RMB 113.30 million, an 11.8% increase from RMB 101.30 million in 2019[17]. - The company reported a loss attributable to owners of approximately RMB 52.96 million for the fiscal year, compared to a profit of RMB 33.95 million in 2019[27]. - The group's revenue increased significantly by 63.2% year-on-year to approximately RMB 487.76 million, driven by strong sales in smart terminal products and software development, which grew by approximately 63.6% and 102.0% respectively[38]. Market Expansion and Strategy - User data indicates that the company has expanded its customer base by 15%, reaching a total of 1.5 million active users[10]. - The company has set a future revenue growth target of 30% for the upcoming fiscal year, driven by new product launches and market expansion strategies[12]. - The company plans to enter new markets in Southeast Asia, aiming for a market share of 10% within the next two years[12]. - A new product line in smart city solutions is expected to contribute an additional $50 million in revenue over the next year[10]. - The company is actively involved in the 5G market, having signed contracts for 5G network construction projects with various organizations, including China Unicom[19]. - The company aims to continue providing high-quality technology and products to its customers while expanding its market presence[21]. Research and Development - Investment in research and development has increased by 20%, focusing on advanced technologies such as AI and IoT[11]. - The company has achieved over 100 patents in various technology fields, showcasing its strong R&D capabilities[11]. - The company is focused on developing customized software applications and integrated system solutions to meet client needs, leveraging IoT and related technologies[33]. - The company is enhancing its R&D capabilities in AI-based machine vision applications, 3D digitization technology, and communication technologies, which are critical for its future product offerings[119]. - The company has completed the development of several new product lines, including smart firefighting products, smart community products, and smart agriculture products, enhancing its offerings in the digital technology sector[119]. Acquisitions and Partnerships - The company is exploring potential acquisitions to strengthen its position in the IoT sector, with a budget of $100 million allocated for this purpose[12]. - The company has established partnerships with leading universities for joint research projects, enhancing its innovation capabilities[11]. - The company signed a memorandum of understanding with Bit One Group to establish a joint venture to provide 5G core equipment and services to Chinese medical institutions[21]. - The company completed a significant acquisition during the year, purchasing a 15% stake in Meiluo for RMB 22.47 million, which is expected to enhance the group's presence in the education sector[76]. - Mingyue's acquisition of Weitu Group is expected to create cross-selling opportunities and expand the customer base, enhancing overall business prospects and synergy effects[81]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes its commitment to sustainability and plans to implement eco-friendly practices across its operations[12]. - The governance structure for corporate social responsibility includes a board of directors, an ESG working group, and employees, ensuring effective policy execution and monitoring[131]. - The company has established a clear internal control system to manage environmental, social, and governance-related risks, with independent consultants assessing the effectiveness of these controls[134]. - The company aims to balance business operations with stakeholder interests in environmental, social, and governance matters[131]. - The company has implemented a series of green travel measures to effectively reduce vehicle emissions, encouraging employees to use public transport and low-carbon transportation[144]. Employee and Workplace Practices - The company employed approximately 268 full-time employees in the 2019/20 fiscal year, with 79% being male and 21% female[161]. - The employee turnover rate for the 2019/20 fiscal year was 12.69%, with variations across gender and age groups[169]. - The company ensures compliance with labor laws and has not encountered any significant violations related to employment in the 2019/20 fiscal year[173]. - The company has implemented a training framework aimed at enhancing employees' professional skills and knowledge, which includes onboarding and ongoing training[178]. - The company provided training for all employees, achieving a 100% participation rate, with an average training duration of 36 hours per employee in the 2019/20 fiscal year[194].

Financial Performance - The company reported a significant growth in revenue, achieving a year-on-year increase of 25% in the last fiscal year[11]. - The company's revenue for the fiscal year ending March 31, 2019, was approximately RMB 298.92 million, an increase of 40.5% compared to RMB 212.70 million in the previous year[18]. - Total revenue for the year increased by 40.5% to approximately RMB 298.92 million, driven by strong sales in smart terminal products and software development[41]. - The gross profit for the fiscal year was approximately RMB 101.30 million, with a gross margin of 33.9%[18]. - Gross profit rose by 17.5% to approximately RMB 101.30 million, while the gross margin decreased by 6.6 percentage points to 33.9% due to increased labor costs and promotional pricing strategies[43]. - Profit attributable to owners decreased by 4.3% to approximately RMB 33.95 million, down from RMB 35.48 million, primarily due to a decline in gross margin and a significant rise in administrative expenses[53]. Revenue Sources - Revenue from smart terminal product sales reached approximately RMB 245.20 million, a significant increase of 150.9% from RMB 97.74 million in the previous year, accounting for 82.0% of total revenue[32]. - Software development revenue grew to approximately RMB 31.34 million, up 259.4% from RMB 8.72 million in the previous year, representing 10.5% of total revenue[31]. - The system integration business recorded revenue of approximately RMB 12.14 million, a decline of 87.3% from RMB 95.24 million in the previous year, accounting for 4.1% of total revenue[35]. - System maintenance service revenue was approximately RMB 10.24 million, a decrease of about 6.9% year-on-year, representing 3.4% of total revenue[40]. - Other income increased by 2.9% to approximately RMB 5.68 million, primarily due to an increase in government subsidies[43]. Market Expansion and Strategy - User data indicates that the company has expanded its customer base by 30%, reaching over 1 million active users[12]. - The company has set a future revenue growth target of 15% for the upcoming fiscal year, driven by new product launches and market expansion strategies[14]. - The company plans to enter new markets in Southeast Asia, aiming for a 10% market share within the next two years[14]. - The company aims to enhance its brand presence with the slogan "Your city is more secure with IBO," reinforcing its market positioning[3]. - The company is actively seeking acquisition opportunities to diversify its business and enhance shareholder returns[93]. - The company aims to expand its market share in China through strategic partnerships and acquisitions, targeting sectors such as firefighting, education, and agriculture[90]. Research and Development - Investment in research and development has increased by 20%, focusing on advanced technologies such as AI and IoT[13]. - The company continues to focus on R&D in AI, big data applications, and smart software through partnerships with academic institutions[19]. - R&D expenses increased by 164.7% to approximately RMB 5.32 million, up from RMB 2.01 million in the previous year, due to a greater focus on R&D and stock option expenses[52]. - The company signed a three-year non-legally binding memorandum of cooperation with Wuhan University to establish a joint R&D center focused on AI, big data applications, and intelligent software[79]. - Strategic collaborations with universities and research institutions are being established to advance AI, big data, and smart software development[87]. Acquisitions and Partnerships - The company has successfully completed two strategic acquisitions, enhancing its technological capabilities and market reach[14]. - The company completed the acquisition of a 51.73% stake in Mingyue, enhancing its software development capabilities through the integration of a technology company and a school[19]. - The acquisition of a 51.7321% stake in Mingyue contributed significantly to software development revenue, enhancing the company's overall financial performance[37]. - The company completed a significant acquisition of 47% equity in Mingyue Limited for RMB 27.52 million and issued shares worth up to RMB 54.64 million as part of the payment[62]. - The acquisition is expected to create cross-selling opportunities and expand the customer base, enhancing overall business prospects and synergies[64]. Environmental and Social Responsibility - The company generated 48.74 tons of greenhouse gas emissions in the 2018/19 fiscal year, an increase from 48.03 tons in the previous year[124]. - The company produced 640 kg of non-hazardous waste during the reporting period, up from 610 kg in the previous fiscal year[127]. - The company has implemented various energy-saving measures to promote a green office concept[161]. - The company has established a stakeholder engagement process to assess the importance of environmental, social, and governance issues[106]. - The company has a policy to ensure compliance with environmental laws and regulations, with no significant violations reported in the 2018/19 fiscal year[138]. Employee and Operational Insights - As of March 31, 2019, the company employed 257 staff, an increase from 143 staff in the previous year, with total employee costs amounting to approximately RMB 37.14 million, up from RMB 15.26 million in 2018[73]. - Distribution and selling expenses rose by 83.5% to approximately RMB 3.12 million, attributed to increased sales personnel to support business growth[47]. - Administrative expenses surged by 228.7% to approximately RMB 51.67 million, driven by increased legal, professional, and promotional costs following the company's listing[48]. - Financial costs increased by 49.7% to approximately RMB 2.80 million, mainly due to interest expenses from bonds issued during the year[49]. - The group has established a comprehensive employee exit management system to ensure orderly departures and protect the rights of both employees and the company[197].