Financial Performance - The company's operating revenue for the first half of 2024 was approximately RMB 2.994 billion, a year-on-year decrease of 8.8%[2]. - The net loss for the period was approximately RMB 70 million due to the decline in revenue[2]. - Revenue for the six months ended June 30, 2024, was RMB 2,994,262 thousand, a decrease of 8.8% compared to RMB 3,281,994 thousand for the same period in 2023[14]. - Gross profit decreased to RMB 738,281 thousand, down 35.5% from RMB 1,144,107 thousand year-over-year[14]. - Basic and diluted loss per share was RMB (0.06), compared to earnings of RMB 0.24 in the prior year[15]. - The company reported a total comprehensive loss of RMB 70,274 thousand for the period, compared to a comprehensive income of RMB 218,358 thousand in the same period last year[14]. - The company reported a net loss of RMB 21,261 thousand for the six months ended June 30, 2024, compared to a profit of RMB 8,420 thousand for the same period in 2023[29]. - The company’s diluted loss per share for the first half of 2024 was RMB (0.065), compared to earnings per share of RMB 0.235 in the same period of 2023[32]. Revenue Breakdown - Revenue from the three new businesses reached approximately RMB 1.200 billion, representing a year-on-year increase of 10.0% and accounting for 40.1% of total revenue[2]. - BSS business revenue was RMB 1.794 billion, a year-on-year decline of 18.1%, while OSS business revenue slightly decreased by 1.6% to RMB 280 million[5][7]. - The digital operation business revenue was RMB 447 million, a slight decrease of 1.9%, with a 26.7% share of revenue coming from results-based and revenue-sharing payment models[8]. - The revenue from the vertical industry digitalization business reached RMB 473 million in the first half of 2024, representing a year-on-year increase of 34.6%[9]. - The company's traditional business revenue was approximately RMB 1.794 billion, a significant decline of 18.1% from RMB 2.191 billion in the same period of 2023[38]. - The new business segment achieved revenue of approximately RMB 1.200 billion, representing a growth of 10.0% compared to RMB 1.091 billion in the same period of 2023, accounting for 40.1% of total revenue[38]. Cash Flow and Assets - The company reported a net cash outflow from operating activities of RMB (919,009) thousand, compared to RMB (470,551) thousand for the same period in 2023[19]. - Cash and cash equivalents decreased significantly to RMB 1,326,432 thousand from RMB 2,612,771 thousand year-over-year[16]. - Total assets decreased to RMB 7,057,810 thousand from RMB 8,398,630 thousand as of December 31, 2023[16]. - The company’s total assets as of June 30, 2024, were RMB 6,170,889 thousand, down from RMB 6,795,583 thousand as of January 1, 2023[18]. - The cash used in operating activities for the first half of 2024 was approximately RMB 919 million, an increase of 95.3% compared to RMB 471 million in the same period of 2023[37]. Shareholder Returns - The board emphasized shareholder interests, with a dividend yield of 9.0%, and a guidance for the final dividend to be 40% of the annual net profit attributable to equity holders[2][6]. - The company plans to pay a final dividend of RMB 0.376 per share, totaling RMB 351,697 thousand, compared to RMB 337,884 thousand for the previous year[30]. - The company has decided not to declare an interim dividend for the reporting period[48]. Research and Development - R&D investment amounted to RMB 436 million, accounting for 14.6% of total revenue, focusing on the "Cloud Network," "Digital Intelligence," and "IT" product systems[10]. - Research and development expenses were RMB 436,012 thousand, down 13.5% from RMB 504,778 thousand in the previous year[14]. - The company has received 44 international/domestic patents and 58 software copyrights in the first half of the year, reflecting its commitment to innovation[11]. Business Outlook - The company expects a significant narrowing of the revenue decline in BSS business in the second half of the year, with continued growth in the three new businesses, leading to an overall profit improvement for 2024[4]. - The company aims to achieve a rebound in performance in the second half of the year, with expectations for BSS business revenue decline to significantly narrow[12]. - The company is focused on high-quality growth in key industries such as energy, transportation, and government, aiming for sustained growth in non-telecom market business[12]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[60]. - All directors confirmed compliance with the standard code of conduct regarding securities trading during the reporting period[61]. - The audit committee reviewed the accounting principles and practices adopted by the group and found the risk management and internal control systems to be effective and adequate[63].
亚信科技(01675) - 2024 - 中期业绩