Financial Performance - For the six months ended June 30, 2024, the company reported sales revenue of RMB 25,009,000, an increase from RMB 23,055,000 in the same period of 2023, representing an 8.5% growth[7] - The gross loss for the same period was RMB 434,000, improving from a gross loss of RMB 5,104,000 in 2023[7] - The company reported a pre-tax loss of RMB 10,426,000, significantly reduced from a pre-tax loss of RMB 16,512,000 in the previous year, indicating a 37.5% improvement[7] - Basic and diluted loss per share improved to RMB 0.79 from RMB 1.25, marking a 36.8% reduction in loss per share[7] - The company reported a loss of approximately RMB 10,426,000 for the six months ended June 30, 2024, a decrease of 36.86% from RMB 16,512,000 in the previous year, mainly due to increased revenue and reduced overall employee costs[37] Revenue Breakdown - The company’s software product sales for the six months ended June 30, 2024, were RMB 573,000, a significant decrease from RMB 1,694,000 for the same period in 2023[15] - Hardware product sales for the same period were RMB 947,000, compared to RMB 213,000 in the previous year[15] - The technical support services revenue was RMB 23,489,000 for the six months ended June 30, 2024, down from RMB 21,148,000 in 2023[14] - For the six months ended June 30, 2024, the company reported a total revenue of RMB 224 million, a decrease of 71.96% compared to RMB 799 million for the same period in 2023[20] Assets and Liabilities - As of June 30, 2024, total assets were RMB 50,837,000, down from RMB 61,549,000 at the end of 2023, a decrease of 17.5%[8] - Current liabilities decreased to RMB 11,305,000 from RMB 12,751,000, reflecting a reduction of 11.5%[8] - The company's net asset value decreased to RMB 20,764,000 from RMB 31,190,000, a decline of 33.5%[9] - The company’s total accumulated losses increased to RMB (192,646,000) as of June 30, 2024, from RMB (181,980,000) as of January 1, 2023[10] - The total liabilities decreased to RMB 8,075 thousand as of June 30, 2024, from RMB 10,109 thousand as of December 31, 2023, a reduction of 20.14%[28] Cash Flow and Financing - The company’s cash and cash equivalents dropped to RMB 12,964,000 from RMB 35,107,000, a decrease of 63.1%[8] - The net cash used in operating activities for the six months ended June 30, 2024, was RMB (23,060,000), compared to RMB (16,209,000) for the same period in 2023[12] - The company’s financing activities generated a net cash inflow of RMB 857,000 for the six months ended June 30, 2024, compared to a net cash outflow of RMB (14,482,000) in the same period of 2023[12] - The company’s total borrowings as of June 30, 2024, amounted to RMB 28,898,000, an increase from RMB 26,919,000 as of December 31, 2023[34] Operational Efficiency - The company has been focusing on improving operational efficiency and reducing costs to enhance profitability in the upcoming quarters[7] - Management expenses were approximately RMB 6,503,000, a decrease of 21.31% from RMB 8,264,000 for the same period last year, attributed to lower staff and rental costs in the Hong Kong office[37] - The company plans to continue strict cost control and enhance risk monitoring across all business areas to achieve its operational goals for 2024[39] Corporate Governance - The company has established a Remuneration Committee to review and recommend the remuneration policies for directors and senior management[67] - The company has a Nomination Committee responsible for developing nomination policies and reviewing board diversity[68] - The company has complied with the GEM Listing Rules regarding the appointment of independent non-executive directors, with a new appointment effective from March 28, 2024[64] - The Audit and Risk Management Committee reviewed the unaudited results for the six months ending June 30, 2024, and confirmed compliance with applicable accounting standards[69] Share Options and Securities - The company has authorized a total of 81,184,000 share options under the stock option plan, representing approximately 10% of the issued share capital as of the date of the special general meeting[57] - The company has a total of 64,514,443 share options that remain unexercised as of the reporting date[60] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[61] Employee and Staffing - The group employed 649 staff as of June 30, 2024, down from 779 staff as of June 30, 2023[45] - Employee costs for the reporting period were approximately RMB 28,835,000, compared to RMB 33,018,000 for the six months ended June 30, 2023[45]
新利软件(08076) - 2024 - 中期财报