[Announcement Overview](index=1&type=section&id=Announcement%20Overview) [Announcement Overview and GEM Characteristics](index=1&type=section&id=Announcement%20Overview%20and%20GEM%20Characteristics) This announcement presents the unaudited interim results of Xinli Software (Group) Co., Ltd. for the six months ended June 30, 2025, highlighting GEM's higher investment risks for SMEs - This announcement presents the unaudited interim results of Xinli Software (Group) Co., Ltd. for the six months ended June 30, 2025[1](index=1&type=chunk) - GEM is positioned as a listing platform for small and medium-sized companies, carrying higher investment risks, potential market volatility, and no guarantee of high liquidity[2](index=2&type=chunk) - Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited are not responsible for the accuracy or completeness of this announcement[2](index=2&type=chunk) [Financial Performance](index=2&type=section&id=Financial%20Performance) [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the six months ended June 30, 2025, the Group's revenue decreased by 27.2% year-on-year to RMB 18,201 thousand, but gross profit turned from loss to profit, and total loss and comprehensive expenses narrowed by 26.6% to RMB 7,655 thousand Consolidated Statement of Profit or Loss and Other Comprehensive Income (For the six months ended June 30) | Indicator | 2025 (thousand RMB) | 2024 (thousand RMB) | | :--- | :--- | :--- | | Sales Revenue | 18,201 | 25,009 | | Cost of Sales and Services | (18,114) | (25,443) | | Gross Profit/(Loss) | 87 | (434) | | Other Income | 93 | 224 | | Reversal of impairment loss on expected credit losses | 808 | – | | Other Gains and Losses | 671 | (524) | | Distribution and Selling Expenses | (3,027) | (2,670) | | Administrative Expenses | (5,774) | (6,503) | | Finance Costs | (513) | (519) | | Loss Before Tax | (7,655) | (10,426) | | Income Tax Expense | – | – | | Total Loss and Comprehensive Expenses for the Period | (7,655) | (10,426) | | Loss Per Share (Basic) | (0.58) | (0.79) | | Loss Per Share (Diluted) | (0.58) | (0.79) | - Sales revenue decreased by **27.2%** year-on-year, primarily due to a decline in technical support service income[3](index=3&type=chunk)[34](index=34&type=chunk) - Gross profit turned from a loss of **RMB 434 thousand** in the same period last year to a profit of **RMB 87 thousand**[3](index=3&type=chunk) - Total loss and comprehensive expenses for the period decreased by **26.6%** year-on-year, narrowing from **RMB 10,426 thousand** to **RMB 7,655 thousand**[3](index=3&type=chunk)[35](index=35&type=chunk) [Consolidated Statement of Financial Position](index=3&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's net assets decreased compared to December 31, 2024, mainly due to a reduction in bank balances and cash, though current liabilities also decreased Consolidated Statement of Financial Position (As of June 30, 2025) | Indicator | June 30, 2025 (thousand RMB) | December 31, 2024 (thousand RMB) | | :--- | :--- | :--- | | **Non-current Assets** | | | | Property, Plant and Equipment | 7,601 | 7,934 | | Right-of-use Assets | 208 | 193 | | **Current Assets** | | | | Inventories – Finished Goods | 973 | 933 | | Trade and Other Receivables | 29,538 | 21,311 | | Contract Assets | 401 | 488 | | Financial Assets at Fair Value Through Profit or Loss | – | 189 | | Restricted Bank Deposits | 976 | 626 | | Bank Balances and Cash | 10,170 | 28,528 | | **Current Liabilities** | | | | Trade and Other Payables | 7,214 | 9,387 | | Amounts Due to Related Parties | 1,751 | 1,878 | | Borrowings | 1,000 | 1,000 | | Lease Liabilities | 85 | 73 | | **Non-current Liabilities** | | | | Borrowings | 27,899 | 28,291 | | **Net Assets** | 11,918 | 19,573 | | **Total Equity** | 11,918 | 19,573 | - Net assets decreased from **RMB 19,573 thousand** as of December 31, 2024, to **RMB 11,918 thousand** as of June 30, 2025[4](index=4&type=chunk) - Bank balances and cash significantly decreased from **RMB 28,528 thousand** as of December 31, 2024, to **RMB 10,170 thousand** as of June 30, 2025[4](index=4&type=chunk) - Trade and other receivables increased from **RMB 21,311 thousand** as of December 31, 2024, to **RMB 29,538 thousand** as of June 30, 2025[4](index=4&type=chunk) [Consolidated Statement of Changes in Equity](index=4&type=section&id=Consolidated%20Statement%20of%20Changes%20in%20Equity) For the six months ended June 30, 2025, the Group's total equity decreased due to the loss for the period and expiry of share options, leading to an expansion of accumulated losses Consolidated Statement of Changes in Equity (For the six months ended June 30) | Indicator | January 1, 2025 (thousand RMB) | Total Loss and Comprehensive Expenses for the Period (thousand RMB) | Share Options Lapsed (thousand RMB) | June 30, 2025 (thousand RMB) | | :--- | :--- | :--- | :--- | :--- | | Share Capital | 12,538 | – | – | 12,538 | | Share Premium | 179,132 | – | – | 179,132 | | Statutory Reserve | 3,917 | 62 | – | 3,979 | | Shareholders' Contribution | 6,641 | – | – | 6,641 | | Exchange Reserve | 5,217 | – | – | 5,217 | | Share-based Payment Reserve | 5,461 | – | (2,329) | 3,132 | | Accumulated Losses | (193,333) | (7,655) | 2,329 | (198,721) | | Total | 19,573 | (7,655) | – | 11,918 | - As of June 30, 2025, accumulated losses increased to **RMB 198,721 thousand**, compared to **RMB 193,333 thousand** as of January 1, 2024[5](index=5&type=chunk) - Total loss and comprehensive expenses for the period amounted to **RMB 7,655 thousand**[5](index=5&type=chunk) - Lapse of share options resulted in a **RMB 2,329 thousand** reduction in share-based payment reserve and a corresponding reduction in accumulated losses[5](index=5&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=5&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) For the six months ended June 30, 2025, net cash used in operating activities decreased, but total cash and cash equivalents still showed a net decrease Condensed Consolidated Statement of Cash Flows (For the six months ended June 30) | Indicator | 2025 (thousand RMB) | 2024 (thousand RMB) | | :--- | :--- | :--- | | Net Cash Used in Operating Activities | (17,768) | (23,060) | | Net Cash From Investing Activities | 44 | 60 | | Net Cash (Used in)/From Financing Activities | (634) | 857 | | Net Decrease in Cash and Cash Equivalents | (18,358) | (22,143) | | Cash and Cash Equivalents at Beginning of Period | 28,528 | 35,107 | | Cash and Cash Equivalents at End of Period | 10,170 | 12,964 | - Net cash used in operating activities decreased from **RMB 23,060 thousand** in the same period of 2024 to **RMB 17,768 thousand** in 2025[7](index=7&type=chunk) - Cash and cash equivalents at the end of the period were **RMB 10,170 thousand**, a significant decrease from **RMB 28,528 thousand** at the beginning of the period[7](index=7&type=chunk) [Notes to the Financial Statements](index=6&type=section&id=Notes%20to%20the%20Financial%20Statements) [1. General Information](index=6&type=section&id=1.%20General%20Information) This note outlines the basis of preparation for the Group's unaudited condensed interim financial statements, adhering to GEM Listing Rules, IAS 34, and IFRS, with RMB as the functional currency - Financial statements are prepared in accordance with Chapter 18 of the GEM Listing Rules, IAS 34, and IFRS[8](index=8&type=chunk) - The Group's functional currency is RMB[9](index=9&type=chunk) - The adoption of new IFRS had no significant impact on the Group's condensed consolidated financial statements for the period[10](index=10&type=chunk) [2. Revenue and Operating Segments](index=7&type=section&id=2.%20Revenue%20and%20Operating%20Segments) The Group's revenue is segmented into software products, hardware products, and technical support services, with the latter being the primary source but experiencing a significant decline this period; all revenue and non-current assets originate from mainland China - The Group's reportable and operating segments include sales of software products, sales of hardware products, and provision of technical support services[12](index=12&type=chunk)[14](index=14&type=chunk) Revenue and Segment Results (For the six months ended June 30, 2025) | Segment | Sales Revenue (thousand RMB) | Segment Results (thousand RMB) | | :--- | :--- | :--- | | Software Products | 536 | (807) | | Hardware Products | 1,424 | (67) | | Technical Support Services | 16,241 | (5,332) | | Total | 18,201 | (6,206) | Revenue and Segment Results (For the six months ended June 30, 2024) | Segment | Sales Revenue (thousand RMB) | Segment Results (thousand RMB) | | :--- | :--- | :--- | | Software Products | 573 | (1,196) | | Hardware Products | 947 | (762) | | Technical Support Services | 23,489 | (5,887) | | Total | 25,009 | (7,845) | - All the Group's sales revenue is derived from customers in mainland China, and all non-current assets are located in China[18](index=18&type=chunk)[19](index=19&type=chunk) [3. Other Income](index=10&type=section&id=3.%20Other%20Income) The Group's other income primarily comprises interest income and other miscellaneous income, totaling RMB 93 thousand for the six months ended June 30, 2025, a decrease from the prior year Other Income (For the six months ended June 30) | Category | 2025 (thousand RMB) | 2024 (thousand RMB) | | :--- | :--- | :--- | | Interest Income | 59 | 78 | | Others | 34 | 146 | | **Total** | **93** | **224** | - Total other income decreased from **RMB 224 thousand** in the same period of 2024 to **RMB 93 thousand** in 2025[20](index=20&type=chunk) [4. Income Tax Expense](index=10&type=section&id=4.%20Income%20Tax%20Expense) The Group's Chinese subsidiaries are subject to varying corporate income tax rates, with Hangzhou Xinli Technology Co., Ltd. enjoying a 15% preferential rate as a high-tech enterprise, while others are at 25%; no taxable profit was generated in the current or prior period, resulting in no income tax expense - Hangzhou Xinli Technology Co., Ltd., as a high-tech enterprise, enjoys a **15%** preferential corporate income tax rate, extended until 2025[21](index=21&type=chunk) - Hangzhou Xinli Software Co., Ltd. and Xinyintong Technology Co., Ltd. are subject to an applicable tax rate of **25%**[21](index=21&type=chunk) - For the six months ended June 30, 2025, and 2024, the Group generated no taxable profit in China or Hong Kong, thus no income tax expense was provided[21](index=21&type=chunk) [5. Loss Per Share](index=11&type=section&id=5.%20Loss%20Per%20Share) Basic and diluted loss per share for the period was RMB 0.58 cents, narrowing from RMB 0.79 cents in the prior year, primarily due to a reduction in loss attributable to owners of the Company Loss Per Share Calculation (For the six months ended June 30) | Indicator | 2025 (thousand RMB/thousand shares) | 2024 (thousand RMB/thousand shares) | | :--- | :--- | :--- | | Loss Attributable to Owners of the Company for the Period | (7,655) | (10,426) | | Number of Ordinary Shares | 1,317,240 | 1,317,240 | | Basic/Diluted Loss Per Share (RMB cents) | (0.58) | (0.79) | - The calculation of diluted loss per share did not assume the exercise of outstanding share options, as their exercise price was higher than the average market price[22](index=22&type=chunk) [6. Dividends](index=11&type=section&id=6.%20Dividends) The Board of Directors does not recommend the payment of any dividend for the six months ended June 30, 2025 - The Board of Directors does not recommend the payment of any dividend for the six months ended June 30, 2025 (2024: nil)[23](index=23&type=chunk) [7. Trade and Other Receivables](index=12&type=section&id=7.%20Trade%20and%20Other%20Receivables) As of June 30, 2025, the Group's trade and other receivables totaled RMB 29,538 thousand, an increase from December 31, 2024; trade receivables overdue by 90 days or more amounted to RMB 2,678 thousand, but are still considered fully recoverable due to debtors' good financial standing Trade and Other Receivables (As of June 30, 2025) | Category | June 30, 2025 (thousand RMB) | December 31, 2024 (thousand RMB) | | :--- | :--- | :--- | | Trade Receivables (net of allowance for credit losses) | 17,816 | 14,925 | | Other Receivables, Prepayments and Deposits | 11,722 | 6,386 | | **Total** | **29,538** | **21,311** | Ageing Analysis of Trade Receivables (net of allowance for credit losses) | Ageing | June 30, 2025 (thousand RMB) | December 31, 2024 (thousand RMB) | | :--- | :--- | :--- | | 0 to 120 days | 12,471 | 12,294 | | 121 to 180 days | 1,348 | 103 | | 181 to 365 days | 2,666 | 1,280 | | Over 365 days | 1,331 | 1,248 | | **Total** | **17,816** | **14,925** | - The general credit period ranges from **90 to 180 days** after delivery or service provision[24](index=24&type=chunk) - As of June 30, 2025, trade receivables overdue by **90 days or more** amounted to **RMB 2,678 thousand**, but are not considered in default due to the debtors' sound financial position[25](index=25&type=chunk) [8. Contract Assets](index=13&type=section&id=8.%20Contract%20Assets) Contract assets primarily represent the Group's right to consideration for completed but unbilled work, typically retention money, which is reclassified to trade receivables after the warranty period Contract Assets (As of June 30, 2025) | Category | June 30, 2025 (thousand RMB) | December 31, 2024 (thousand RMB) | | :--- | :--- | :--- | | Retention Money Receivable | 401 | 488 | - Contract assets primarily represent the right to consideration for completed but unbilled work, typically retention money[26](index=26&type=chunk) - The warranty period ranges from **one to two years**, representing **5% to 10%** of the contract value, and contract assets are reclassified to trade receivables upon the end of the warranty period[26](index=26&type=chunk) [9. Trade and Other Payables](index=13&type=section&id=9.%20Trade%20and%20Other%20Payables) As of June 30, 2025, the Group's trade and other payables totaled RMB 7,214 thousand, a decrease from December 31, 2024, mainly due to reduced staff salaries payable and other domestic taxes payable Trade and Other Payables (As of June 30, 2025) | Category | June 30, 2025 (thousand RMB) | December 31, 2024 (thousand RMB) | | :--- | :--- | :--- | | Trade Payables | 1,691 | 1,406 | | Staff Salaries Payable | 3,090 | 4,279 | | Other Domestic Taxes Payable | 369 | 727 | | Employee Reimbursements Payable | 193 | 757 | | Accrued Expenses | 613 | 610 | | Contract Liabilities | 324 | 430 | | Professional Service Fees Payable | – | 441 | | Others | 934 | 737 | | **Total** | **7,214** | **9,387** | Ageing Analysis of Trade Payables (As of reporting date) | Ageing | June 30, 2025 (thousand RMB) | December 31, 2024 (thousand RMB) | | :--- | :--- | :--- | | Within 90 days | 1,203 | 87 | | 91 to 180 days | 378 | 814 | | 181 to 365 days | 10 | 160 | | Over 365 days | 100 | 345 | | **Total** | **1,691** | **1,406** | - The credit period for goods purchased ranges from **120 to 180 days**[28](index=28&type=chunk) [10. Borrowings](index=14&type=section&id=10.%20Borrowings) The Group's total borrowings amounted to RMB 28,899 thousand, primarily comprising unsecured related party loans and unsecured bank loans, with related party loans mainly from Mr. Xiong Rongli, mostly long-term, at effective interest rates between 3.69% and 4.14% Total Borrowings (As of June 30, 2025) | Category | June 30, 2025 (thousand RMB) | December 31, 2024 (thousand RMB) | | :--- | :--- | :--- | | Fixed-rate borrowings: | | | | Unsecured Related Party Borrowings | 27,899 | 28,291 | | Unsecured Bank Borrowings | 1,000 | 1,000 | | **Total** | **28,899** | **29,291** | Borrowings Repayment Schedule Analysis | Repayment Period | June 30, 2025 (thousand RMB) | December 31, 2024 (thousand RMB) | | :--- | :--- | :--- | | Within one year | 1,000 | 1,000 | | Over two years but not exceeding five years | 27,899 | 1,197 | | Over five years | – | 27,094 | | **Total** | **28,899** | **29,291** | - Related party borrowings are primarily provided by Mr. Xiong Rongli, with effective interest rates ranging from **3.69% – 4.14%**[29](index=29&type=chunk) - Bank borrowings have an effective interest rate of **3.95%**, utilizing a secured bank credit facility of **RMB 1,000,000**[31](index=31&type=chunk)[32](index=32&type=chunk) [11. Share Capital](index=16&type=section&id=11.%20Share%20Capital) The Company's authorized share capital is 10,000,000 thousand shares, with 1,317,240 thousand issued and fully paid shares, each with a par value of HKD 0.01, equivalent to RMB 12,538 thousand Share Capital Structure (As of June 30, 2025) | Category | Number of Shares (thousand shares) | Amount (thousand HKD) | Amount (thousand RMB) | | :--- | :--- | :--- | :--- | | Authorized Share Capital | 10,000,000 | 100,000 | 95,187 | | Issued and Fully Paid Share Capital | 1,317,240 | 13,173 | 12,538 | - Ordinary shares have a par value of **HKD 0.01** each, and both authorized and issued share capital remained unchanged during the reporting period[33](index=33&type=chunk) [Management Discussion and Analysis](index=17&type=section&id=Management%20Discussion%20and%20Analysis) [Financial Review and Performance](index=17&type=section&id=Financial%20Review%20and%20Performance) The Group's sales revenue decreased by 27.2% year-on-year in H1 2025, mainly due to reduced technical support services; despite increased distribution and selling expenses, loss for the period narrowed by 26.6% due to lower staff costs and impairment loss reversals - Sales revenue was approximately **RMB 18,201,000**, a **27.2%** decrease year-on-year, primarily due to a decline in technical support service income[34](index=34&type=chunk) - Cost of sales was approximately **RMB 16,241,000**, a **30.9%** decrease year-on-year, mainly due to lower staff costs[34](index=34&type=chunk) - Administrative expenses decreased by **11.2%** to **RMB 5,774,000**, primarily due to lower staff salaries and welfare expenses[34](index=34&type=chunk) - Distribution and selling expenses increased by **13.4%** to **RMB 3,027,000**, mainly due to higher staff expenses and business development costs[34](index=34&type=chunk) - Loss for the period was approximately **RMB 7,655,000**, a **26.6%** decrease year-on-year, mainly attributable to reversal of impairment losses, increased exchange gains, and reduced administrative expenses[35](index=35&type=chunk) [Overall Business Performance](index=18&type=section&id=Overall%20Business%20Performance) In H1 2025, the FinTech and services industry faced a complex economic environment and intense competition, leading to reduced capital expenditure from financial clients; the Group responded with product innovation, client expansion, and cost-efficiency measures, making progress in payment scenario integration and cooperation with state-owned banks - The FinTech and services industry remained under pressure in H1 2025, affected by global inflation, geopolitical conflicts, and insufficient domestic consumer confidence, leading to reduced capital expenditure from financial clients[36](index=36&type=chunk) - The Group actively addressed challenges by exploring product innovation, client expansion, and business model optimization, while also initiating cost reduction and efficiency improvement measures[36](index=36&type=chunk) - In payment scenario integration, the Group upgraded the "One-Code Pass" ecosystem for commercial districts, "Face-Scan + Contactless Payment" systems for smart catering and scenic areas, and implemented full-chain management and payment solutions for the elderly care and pet industries[36](index=36&type=chunk) - Regarding client expansion, the Group broadened its cooperation with the five major state-owned banks and added **2 city commercial banks** and **3 rural commercial banks** as partners[37](index=37&type=chunk) - In H1, **18 operational projects** were launched in provinces including Hebei, Hubei, Anhui, Guangxi, Guangdong, Ningxia, and Jiangsu, with further progress expected in H2 to generate sustained revenue[37](index=37&type=chunk) [Future Outlook](index=19&type=section&id=Future%20Outlook) The Group anticipates industry demand to gradually recover, driven by national digital economy policies and technological upgrades; H2 will focus on new product R&D, business expansion, client development, and scenario implementation, while maintaining strict cost control and risk prevention - National digital economy development priorities are expected to drive industry demand recovery, leading to a period of sustainable development[38](index=38&type=chunk) - Adhering to the core value of "Seeking Profit from Innovation," the Group's H2 focus will be on new product R&D, new business expansion, new client development, and new scenario implementation[38](index=38&type=chunk) - The Group will continue to strictly control costs and strengthen overall and business-line specific risk monitoring and prevention[38](index=38&type=chunk) [Liquidity, Financial Resources, and Gearing Ratio](index=19&type=section&id=Liquidity%2C%20Financial%20Resources%2C%20and%20Gearing%20Ratio) The Group's liquidity primarily stems from operating cash income and borrowings; as of June 30, 2025, cash and cash equivalents decreased, but the current ratio remained stable, while the gearing ratio increased, and prepayments to employees significantly rose - The Group's working capital sources are cash income from business operations and borrowings, with sufficient funds to meet working capital needs[39](index=39&type=chunk) - As of June 30, 2025, cash and cash equivalents were approximately **RMB 10,170,000**, a decrease from **RMB 28,528,000** as of December 31, 2024[39](index=39&type=chunk) - The current ratio (total current assets divided by total current liabilities) was approximately **4.2 times**, consistent with December 31, 2024[39](index=39&type=chunk) Outstanding Borrowings (As of June 30, 2025) | Category | June 30, 2025 (thousand RMB) | December 31, 2024 (thousand RMB) | | :--- | :--- | :--- | | Fixed-rate borrowings: | | | | Unsecured Related Party Borrowings | 27,899 | 28,291 | | Unsecured Bank Borrowings | 1,000 | 1,000 | | **Total** | **28,899** | **29,291** | - The gearing ratio (total liabilities divided by total assets) was approximately **76.1%**, an increase from **67.5%** as of December 31, 2024[42](index=42&type=chunk) - Prepayments to employees were approximately **RMB 8,054,000**, a significant increase from **RMB 2,252,000** as of December 31, 2024, primarily for business-related expenses[42](index=42&type=chunk) [Other Information](index=20&type=section&id=Other%20Information) [Acquisitions and Disposals of Subsidiaries and Associates](index=20&type=section&id=Acquisitions%20and%20Disposals%20of%20Subsidiaries%20and%20Associates) The Group did not undertake any significant acquisitions or disposals of subsidiaries or associates during the reporting period - The Group did not undertake any significant acquisitions or disposals of subsidiaries or associates during the reporting period[43](index=43&type=chunk) [Employee Information](index=21&type=section&id=Employee%20Information) As of June 30, 2025, the Group's employee count decreased to 401, with a corresponding reduction in staff costs; the Group operates a share option scheme to incentivize employees - As of June 30, 2025, the Group employed **401 staff**, a decrease from **649** in the same period of 2024[44](index=44&type=chunk) - Staff costs for the reporting period were approximately **RMB 20,026,000**, a decrease from **RMB 28,835,000** in the same period of 2024[44](index=44&type=chunk) - The Group has adopted a share option scheme, under which certain employees were granted share options[45](index=45&type=chunk) [Pledged Assets](index=21&type=section&id=Pledged%20Assets) As of June 30, 2025, the Group's self-owned property in Hangzhou, with a net book value of approximately RMB 7,368,000, was pledged for bank financing - The Group's self-owned property in Hangzhou, with a total net book value of approximately **RMB 7,368,000**, was pledged for bank financing[46](index=46&type=chunk) [Details of Future Plans for Material Investments or Capital Asset Acquisitions](index=21&type=section&id=Details%20of%20Future%20Plans%20for%20Material%20Investments%20or%20Capital%20Asset%20Acquisitions) Details of the Group's future plans for material investments or capital asset acquisitions are outlined in the Company's prospectus dated August 30, 2001 - Details of future plans for material investments or capital asset acquisitions are listed in the Company's prospectus dated August 30, 2001[47](index=47&type=chunk) [Exchange Rate Risk](index=21&type=section&id=Exchange%20Rate%20Risk) The vast majority of the Group's revenue-generating business is transacted in RMB, leading the Directors to consider foreign exchange risk to be very low - The vast majority of the Group's revenue-generating business is transacted in RMB, and the Directors consider foreign exchange risk to be very low[48](index=48&type=chunk) [Contingent Liabilities](index=21&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the Group had no contingent liabilities - As of June 30, 2025, the Group had no contingent liabilities[49](index=49&type=chunk) [New Product Prospects](index=21&type=section&id=New%20Product%20Prospects) Discussion regarding new product prospects can be found in the business review section of the Management Discussion and Analysis - Discussion regarding new product prospects can be found in the business review section of the Management Discussion and Analysis[50](index=50&type=chunk) [Shareholding Structure and Directors' Interests](index=22&type=section&id=Shareholding%20Structure%20and%20Directors'%20Interests) [Major Shareholders' Interests](index=22&type=section&id=Major%20Shareholders'%20Interests) As of June 30, 2025, Goldcorp Industrial Limited and its associates (including Mr. Xiong Rongli and Ms. Li Qiling) are the Company's major shareholders, holding over 10% of shares; Ms. Yao Bin and Ms. Zhou Cuilian are also deemed to have significant interests due to spousal relationships Major Shareholders' Interests in the Company's Ordinary Shares (As of June 30, 2025) | Shareholder Name | Capacity/Nature of Interest | Number of Shares Held (Long Position) | Percentage of Share Capital Held | | :--- | :--- | :--- | :--- | | Goldcorp Industrial Limited | Beneficial Owner | 136,307,500 | 10.35% | | Great Song Enterprises Limited | Interest of Controlled Corporation | 136,307,500 | 10.35% | | Mr. Xiong Rongli | Interest of Controlled Corporation | 136,307,500 | 10.35% | | Mr. Xiong Rongli | Beneficial Owner | 38,532,500 | 2.92% | | Ms. Li Qiling | Interest of Controlled Corporation | 136,307,500 | 10.35% | | Ms. Yao Bin | Spouse's Interest | 174,840,000 | 13.27% | | Mr. Lin Xuexin | Beneficial Owner | 118,560,000 | 9.00% | | Ms. Zhou Cuilian | Spouse's Interest | 120,003,382 | 9.11% | | Mr. Li Dong | Beneficial Owner | 65,860,000 | 5.00% | | Ms. Lei Ying | Spouse's Interest | 69,409,300 | 5.27% | - Goldcorp Industrial Limited is jointly held by Mr. Xiong Rongli and Great Song Enterprises Limited, with Great Song Enterprises Limited wholly owned by Ms. Li Qiling[53](index=53&type=chunk) - Ms. Yao Bin is the wife of Mr. Xiong Rongli and is deemed to have an interest in Mr. Xiong Rongli's interests under the Securities and Futures Ordinance[53](index=53&type=chunk) [Directors' and Chief Executive's Interests](index=24&type=section&id=Directors'%20and%20Chief%20Executive's%20Interests) As of June 30, 2025, several directors held interests in the Company's ordinary shares and share options; the Company has a share option scheme with updated authorization limits, and while no options were granted or exercised this period, some have lapsed Directors' Interests in the Company's Securities (As of June 30, 2025) | Director Name | Capacity/Nature of Interest | Ordinary Share Interests | Interests in Underlying Shares of Share Options | Total Interests | Percentage of Total Interests | | :--- | :--- | :--- | :--- | :--- | :--- | | Mr. Lin Xuexin | Beneficial Owner | 118,560,000 | 1,443,382 | 120,003,382 | 9.11% | | Mr. Li Dong | Beneficial Owner | 65,860,000 | 3,549,300 | 69,409,300 | 5.27% | | Mr. Xiong Ying | Beneficial Owner | 14,547,500 | 1,567,608 | 16,115,108 | 1.22% | | Mr. Pu Bingrong | Beneficial Owner | – | 307,606 | 307,606 | 0.02% | - The Company's share option scheme was adopted on **August 27, 2001**, and replaced by a new scheme upon its expiry on August 27, 2011, primarily to reward directors and eligible employees[55](index=55&type=chunk) - The share option scheme's authorization limit has been updated multiple times, most recently on **June 30, 2025**, allowing subscription for a total of **131,724,000 shares**, representing approximately **10%** of the issued share capital[56](index=56&type=chunk) - No share options were granted or exercised during the six months ended June 30, 2025[62](index=62&type=chunk) Changes in Outstanding Share Options (As of June 30, 2025) | Director Name | Exercise Period | Adjusted Exercise Price (HKD) | Number of Outstanding Share Options as of Jan 1, 2025 | Number of Share Options Lapsed During Period | Number of Outstanding Share Options as of June 30, 2025 | | :--- | :--- | :--- | :--- | :--- | :--- | | Xiong Ying | 2015/5/15-2025/5/14 | 0.3635 | 2,247,890 | (2,247,890) | – | | Lin Xuexin | 2015/5/15-2025/5/14 | 0.3635 | 3,549,300 | (3,549,300) | – | | Li Dong | 2015/5/15-2025/5/14 | 0.3635 | 1,774,650 | (1,774,650) | – | | Continuing Contract Employees (excluding Directors) | 2015/5/15-2025/5/14 | 0.3635 | 6,861,980 | (6,681,980) | – | | Xiong Ying | 2017/4/7-2027/4/6 | 0.1538 | 1,567,608 | – | 1,567,608 | | Lin Xuexin | 2017/4/7-2027/4/6 | 0.1538 | 1,443,382 | – | 1,443,382 | | Li Dong | 2017/4/7-2027/4/6 | 0.1538 | 3,549,300 | – | 3,549,300 | | Pu Bingrong | 2017/4/7-2027/4/6 | 0.1538 | 307,606 | – | 307,606 | | Continuing Contract Employees (excluding Directors) | 2017/4/7-2027/4/6 | 0.1538 | 9,109,870 | – | 9,109,870 | | Consultants | 2017/4/7-2027/4/6 | 0.1538 | 32,422,855 | – | 32,422,855 | | **Total** | | | **62,834,441** | **(14,433,820)** | **48,400,621** | [Corporate Governance and Other Information](index=29&type=section&id=Corporate%20Governance%20and%20Other%20Information) [Dealings in Listed Securities](index=29&type=section&id=Dealings%20in%20Listed%20Securities) Neither the Company nor its subsidiaries purchased, sold, or redeemed any of the Company's listed securities during the reporting period - During the reporting period, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities[64](index=64&type=chunk) [Competition and Conflicts of Interest](index=29&type=section&id=Competition%20and%20Conflicts%20of%20Interest) For the six months ended June 30, 2025, no directors, management shareholders, major shareholders, or their associates engaged in any business competing with or potentially conflicting with the Group's business - No directors, management shareholders, major shareholders, or any of their respective associates engaged in any business competing or likely to compete with the Group's business or had any other conflicts of interest with the Group[65](index=65&type=chunk) [Corporate Governance Practices](index=29&type=section&id=Corporate%20Governance%20Practices) As of the announcement date, the Company has complied with the applicable code provisions of the Corporate Governance Code in Appendix C1 of the GEM Listing Rules, except for the CEO position being vacant since November 1, 2022, which constitutes a deviation - The Company has complied with the applicable code provisions of the Corporate Governance Code set out in Appendix C1 of the GEM Listing Rules[66](index=66&type=chunk) - The Chief Executive Officer position has been vacant since Mr. Lin Xuexin's resignation on **November 1, 2022**, constituting a deviation from code provision C.2.1[66](index=66&type=chunk) [Directors' Securities Transactions](index=29&type=section&id=Directors'%20Securities%20Transactions) For the six months ended June 30, 2025, the Company complied with GEM Listing Rules regarding directors' securities transactions, with no breaches of the code of conduct identified - The Company has complied with Rules 5.48 to 5.67 of the GEM Listing Rules regarding directors' securities transactions[67](index=67&type=chunk) - The Company is not aware of any non-compliance with the required procedures for directors' securities transactions, nor any breaches of the code of conduct[67](index=67&type=chunk) [Remuneration Committee](index=29&type=section&id=Remuneration%20Committee) The Company's Remuneration Committee, established in November 2005, is responsible for reviewing and recommending remuneration policies for directors and senior management, chaired by Mr. Chen Zengwu - The Remuneration Committee was established in **November 2005**, with its primary function to review and make recommendations on the remuneration policy for directors and senior management[68](index=68&type=chunk) - The Remuneration Committee is chaired by Mr. Chen Zengwu, with other members including Mr. Lin Xuexin, Mr. Pu Bingrong, and Ms. Chen Xin'ai[68](index=68&type=chunk) [Nomination Committee](index=30&type=section&id=Nomination%20Committee) The Company's Nomination Committee, established in March 2012, is responsible for formulating nomination policies, recommending director nominations, appointments, and board succession arrangements, and developing and reviewing the Board Diversity Policy, chaired by Mr. Lin Xuexin - The Nomination Committee was established in **March 2012**, with its primary functions to formulate nomination policies, make recommendations on the nomination and appointment of directors and board succession arrangements, and develop and review the "Board Diversity Policy"[69](index=69&type=chunk) - The Nomination Committee is chaired by Mr. Lin Xuexin, with other members including Mr. Pu Bingrong, Mr. Chen Zengwu, and Ms. Chen Xin'ai[69](index=69&type=chunk) [Audit and Risk Management Committee](index=30&type=section&id=Audit%20and%20Risk%20Management%20Committee) The Company's Audit and Risk Management Committee, established in August 2001, reviews and oversees the Group's financial reporting, internal control, and risk management systems; the committee has reviewed the unaudited results for the period and found them compliant with applicable accounting standards - The Audit and Risk Management Committee was established on **August 27, 2001**, with its primary functions to review and oversee the Group's financial reporting process, internal control system, and risk management system[70](index=70&type=chunk) - The Committee is chaired by Mr. Chen Zengwu, with other members including Mr. Pu Bingrong and Ms. Chen Xin'ai, all of whom are independent non-executive directors[70](index=70&type=chunk) - The Committee has reviewed the Group's unaudited results for the six months ended June 30, 2025, and believes they are prepared in accordance with applicable accounting standards and requirements and are adequately disclosed[70](index=70&type=chunk) [Board Members](index=30&type=section&id=Board%20Members) The Company's Board of Directors comprises executive directors including Lin Xuexin, Xiong Ying, Zang Jingjing, Li Dong, Cai Jin, and independent non-executive directors such as Pu Bingrong, Chen Xin'ai, and Chen Zengwu - Board members include executive directors Lin Xuexin, Xiong Ying, Zang Jingjing, Li Dong, Cai Jin[71](index=71&type=chunk) - Board members include independent non-executive directors Pu Bingrong, Chen Xin'ai, Chen Zengwu[71](index=71&type=chunk)

Group 1 - The company, Xinli Software (08076.HK), announced that it requires more time to complete its interim performance work [1] - The board meeting date has been postponed from August 11, 2025, to August 14, 2025 [1]

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之內容概不負責，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份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。 （ 於百慕達註冊成立的有限公司 ） 林學新 (執行董事) 熊纓 (執行董事) 臧晶晶 (執行董事) 李冬 (執行董事) 蔡瑾 (執行董事) 浦炳榮 (獨立非執行董事) 陳新愛 (獨立非執行董事) 陳增武 (獨立非執行董事) (股份代號 : 8076) 延期舉行董事會會議 謹此提述新利軟件（集團）有限公司（「本公司」）日期為二零二五年八月一日之公告 （「該公告」），內容有關本公司董事會（「董事會」）舉行會議之日期，以（其中包 括）考慮及批准本公司及其附屬公司截至二零二五年六月三十日止六個月之未經審核中 期業績（「中期業績」）及其刊發，並考慮派付中期股息（如有）之建議，以及處理任 何其他事項。 董事會謹此宣佈，本公司需要更多時間完成中期業績的工作，而董事會會議日期將由二 零二五年八月十一日（星期一）延期至二零二五年八月十四日（星期四）。除本公告所 披露者外，該公告的所有其他資料及內容維持不變。 承董事會命 新 ...

Core Viewpoint - New Li Software (08076.HK) expects a reduction in losses to approximately RMB 7 million for the six months ending June 30, 2025, compared to a loss of approximately RMB 10.426 million for the same period in 2024 [1] Financial Performance - The anticipated loss reduction is primarily attributed to the reversal of impairment losses related to long-term receivables [1] - There is an increase in foreign exchange gains, which has turned other losses into gains compared to the previous period [1] - Ongoing cost-saving measures have led to a decrease in management expenses [1]

Core Viewpoint - The company expects a reduction in losses for the six months ending June 30, 2025, to approximately RMB 7 million, compared to a loss of about RMB 10.426 million for the same period ending June 30, 2024 [1] Financial Performance - The anticipated loss reduction is primarily attributed to the reversal of impairment losses related to long-term receivables [1] - The increase in foreign exchange gains has led to a shift in other income from losses to gains compared to the previous year [1] - Ongoing cost-saving measures have resulted in a decrease in management expenses [1]

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之內容概不負責，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份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。 基於現時可得之資料，董事會認為，虧損減少乃主要原因為收回長期未收 應收帳款相關的減值損失轉回；與二零二四年期間記錄的虧損相比，匯兌 收益增加導致其他損益轉為收益，以及持續的成本節約導致管理費用減少。 於本公告日期，本公司仍在編製本期間半年度業績。本公告所載資料僅依 據董事會參考本集團本期間之未經審核綜合管理賬目及目前現有可供資料 而作出的初步評估，而並未曾經本公司獨立核數師或審核及風險管理委員 * 僅供識別 （於百慕達註冊成立的有限公司） （股份代號：8076） 盈利預告 － 截至二零二五年六月三十日止六個月 虧損估計減少 本公告乃由新利軟件(集團)股份有限公司(「本公司」，連同其附屬公司 統稱「本集團」)根據香港聯合交易所有限公司 GEM 證券上市規則 (「GEM 上市規則」)第 17.10 條以及香港法例第571 章證券及期貨條例第 XIVA 部之內幕消息條文（定義見 GEM 上市規則）之規定而刊發 ...

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之內容概不負責，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份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。 林學新 * 僅供識別 （ 於百慕達註冊成立的有限公司 ） (股份代號 : 8076) 董 事 會 會 議 通 告 新利軟件(集團)股份有限公司（「本公司」）之董事會（「董事會」）謹此宣佈將於二零 二五年八月十一日（星期一）下午四時正假座中國杭州市西湖區三墩紫宣路158號西城 博司銘座9幢16層舉行董事會會議，商討以下事項﹕ 承董事會命 新利軟件（集團）股份有限公司 主席 1 1. 省覽及通過本公司及其附屬公司截至二零二五年六月三十日止六個月之未經審核 中期業績，並通過將於香港聯合交易所有限公司（「聯交所」）GEM網站刊登之未經 審核中期業績公佈稿本； 2. 考慮派付股息(如有)； 3. 考慮暫停辦理股份過戶登記手續(如有需要)； 4. 處理任何其他事務。 於本公佈日期，董事會成員如下: 林學新 ( 執行董事 ) 熊纓 ( 執行董事 ) 臧晶晶 ( 執行董事 ) 李冬 ( 執行董事 ) 蔡瑾 ( 執行董事 ...

截至月份: 2025年7月31日 狀態: 新提交 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 致：香港交易及結算所有限公司 公司名稱: 新利軟件（集團）股份有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08076 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 ...

Company Overview - New Li Software (Group) Co., Ltd. was established in 1992 and officially listed on the Hong Kong Stock Exchange's Growth Enterprise Market on September 5, 2001, being the first overseas-listed financial software company in China [2] - The company's core business focuses on financial payment and service outsourcing, utilizing software and cloud platforms to enhance digital capabilities for merchants [2] Financial Performance - As of December 31, 2024, New Li Software reported total operating revenue of 58.814 million yuan, a year-on-year decrease of 16.43% [1] - The company recorded a net profit attributable to shareholders of -11.617 million yuan, a year-on-year decrease of 40.57% [1] - The gross profit margin stood at 13.04%, with a debt-to-asset ratio of 67.49% [1] Stock Performance - As of July 22, the stock price of New Li Software closed at 0.029 HKD per share, reflecting a 20.83% increase with a trading volume of 140,000 shares and a turnover of 4,035 HKD [1] - Over the past month, the stock has experienced a cumulative decline of 11.11%, while year-to-date, it has seen a cumulative increase of 14.29%, underperforming the Hang Seng Index's increase of 24.6% [1] Industry Valuation - The average price-to-earnings (P/E) ratio for the software services industry (TTM) is -12.09 times, with a median of -2.79 times [1] - New Li Software's P/E ratio is -2.52 times, ranking 135th in the industry [1] - Comparatively, other companies in the industry have P/E ratios such as Jingtou Transportation Technology at 3.75 times, Huanghe Industry at 5.21 times, and Lujing Technology at 5.58 times [1]

Financial Performance - The Group recorded total revenue of approximately RMB58,814,000 for the year ended December 31, 2024, a decrease of 16.4% compared to RMB70,377,000 in 2023[36][38]. - Revenue from the provision of technical support services decreased by approximately 15.8% year-on-year, contributing significantly to the overall revenue decline[39]. - The Group recorded an operational loss of approximately RMB11,617,000 in 2024, representing a year-on-year increase of 40.6% from RMB8,264,000 in 2023[28][30]. - The Group's revenue from software product sales decreased by approximately 56.0%, while hardware product sales increased by approximately 1.5 times, and technical support services revenue decreased by approximately 15.8% compared to the previous year[80]. - Loss attributable to shareholders for the year ended December 31, 2024, was RMB (11,617,000), compared to RMB (8,264,000) in 2023, indicating a worsening of 40.5%[130]. - Total assets decreased to RMB 60,202,000 in 2024 from RMB 70,360,000 in 2023, a decline of 14.9%[130]. - Total liabilities increased to RMB 40,629,000 in 2024 from RMB 39,170,000 in 2023, reflecting a rise of 3.7%[130]. - Net assets decreased to RMB 19,573,000 in 2024 from RMB 31,190,000 in 2023, a significant drop of 37.4%[130]. Cost Management - The cost of sales decreased by 8.3% to approximately RMB51,146,000 in 2024, down from RMB55,803,000 in 2023[40]. - The overall gross profit margin decreased by approximately 7.7% to 13.0% in 2024, compared to 20.7% in 2023[40]. - Administrative expenses decreased by 20.8% to approximately RMB12,336,000 for the year ended 31 December 2024, down from RMB15,568,000 in 2023[42]. - Distribution and selling expenses increased by 16.2% to approximately RMB5,125,000 for the year ended 31 December 2024, compared to RMB4,412,000 in 2023[42]. - Other income decreased by 69.9% to approximately RMB463,000 for the year ended 31 December 2024, down from RMB1,537,000 in 2023[42]. - Impairment losses under the expected credit loss model decreased by 85.8% to approximately RMB324,000 for the year ended 31 December 2024, compared to RMB2,280,000 in 2023[43]. - Research and development expenses increased by 19.0% to approximately RMB7,893,000 for the year ended 31 December 2024, up from RMB6,631,000 in 2023[44]. Strategic Outlook - Significant sales performance growth is anticipated in 2025 due to the expansion of the client base and market development efforts[21]. - The Group anticipates increased opportunities in 2025 due to the recovery of the global economy and advancements in fintech[31][33]. - The innovative application of cutting-edge technologies is expected to provide immense market potential for the Group's products and services[31][33]. - The transition to an integrated "product + operations" service model is expected to enhance profitability and support steady revenue growth[27]. - The Group aims to improve financial results in the coming year through increased sales and effective cost control measures[55]. Human Resources - The total staff costs for the year amounted to approximately RMB55,954,000, down from approximately RMB61,375,000 in 2023, with the number of employees decreasing from 622 to 418[82]. - The Group aims to attract and retain key personnel by providing competitive remuneration packages[119]. Risk Management - The Group's financial condition and business prospects may be affected by various risks, including market risks related to foreign exchange rates, interest rates, and equity prices[104]. - The Group does not currently have a foreign currency hedging policy but monitors foreign exchange exposure and will consider hedging when necessary[110]. - Liquidity risk management involves monitoring cash flows and maintaining an adequate level of cash and cash equivalents to finance operations[112]. - The Group's operational risk management is guided by standard operating procedures and regular assessments of key operational exposures[113]. - Investment risk assessment is a core aspect of the investment decision process, with a proper authorization system in place[118]. - Cybersecurity measures are being enhanced to protect against potential data breaches and maintain operational integrity[121]. Corporate Governance - The Group did not have any material acquisitions or disposals of subsidiaries and affiliated companies during the year[71]. - The Group did not have plans for material investments and capital assets as of the date of the report[84]. - Throughout 2024, there were no incidences of non-compliance with relevant laws and regulations that significantly impacted the Group's business[161]. - The Company has not reported any major events affecting the Group since the end of the financial year 2024[160]. Shareholding Structure - Goldcorp Industrial Limited holds 136,307,500 shares, representing 10.35% of the total shareholding, and is controlled by Mr. Hung Yung Lai and Great Song Enterprises Limited[189]. - Mdm Iu Pun, as the spouse of Mr. Hung Yung Lai, holds an interest in 174,840,000 shares, which is 13.27% of the total shareholding[189]. - Mr. Lin Xue Xin holds 118,560,000 shares, representing 9.00% of the total shareholding, and has 4,992,682 share options[191]. - Ms. Zhou Cuilian, spouse of Mr. Lin Xue Xin, is deemed to have an interest in 123,552,682 shares, which is 9.38% of the total shareholding[189]. - Mr. Li Dong holds 65,860,000 shares, representing 5.00% of the total shareholding, and has 5,323,950 share options[191]. - As of December 31, 2024, there were no distributable reserves available for shareholders, consistent with 2023[185]. - The company directors and chief executives were not aware of any other persons with interests or short positions in shares that would require disclosure under the SFO[193]. - As of December 31, 2024, none of the Directors and chief executives had any interests or short positions in any shares or debentures that required notification to the Company or the Stock Exchange[200].