Financial Performance - For the six months ended June 30, 2024, the company reported sales revenue of RMB 25,009,000, an increase of 8.5% compared to RMB 23,055,000 for the same period in 2023[4] - The cost of sales and services decreased to RMB 25,443,000 from RMB 28,159,000, resulting in a gross loss of RMB 434,000, compared to a gross loss of RMB 5,104,000 in the previous year[4] - The company recorded a loss before tax of RMB 10,426,000, an improvement from a loss of RMB 16,512,000 in the same period last year, indicating a reduction in losses by approximately 37.5%[4] - Basic and diluted loss per share for the period was RMB 0.79, compared to RMB 1.25 for the same period in 2023, reflecting a 36.8% improvement[4] - The company reported a pre-tax loss of RMB (10,426) thousand for the six months ended June 30, 2024, compared to a pre-tax loss of RMB (16,512) thousand for the same period in 2023, showing an improvement in financial performance[11] - The group 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[28] Assets and Liabilities - Total assets decreased to RMB 48,162,000 from RMB 57,609,000 as of December 31, 2023, indicating a decline of approximately 16.5%[5] - The company's net asset value dropped to RMB 20,764,000 from RMB 31,190,000, representing a decrease of about 33.5%[5] - Current liabilities decreased to RMB 11,305,000 from RMB 12,751,000, showing a reduction of approximately 11.5%[5] - The total accounts receivable and other receivables increased to RMB 35,416,000 as of June 30, 2024, up from RMB 24,204,000 as of December 31, 2023, indicating a 46.4% increase[19] - The company’s total borrowings increased to RMB 28,898,000 as of June 30, 2024, from RMB 26,919,000 as of December 31, 2023, reflecting a 7.3% increase[23] - The company’s trade payables totaled RMB 1,033,000 as of June 30, 2024, up from RMB 884,000 as of December 31, 2023, which is a 16.9% increase[21] Cash Flow and Liquidity - The net cash used in operating activities for the six months ended June 30, 2024, was RMB (23,060) thousand, compared to RMB (16,209) thousand for the same period in 2023, indicating a decline in operational cash flow[8] - The total cash and cash equivalents at the end of June 30, 2024, were RMB 12,964 thousand, down from RMB 24,344 thousand at the end of June 30, 2023, reflecting a decrease in liquidity[8] - As of June 30, 2024, the group's cash and cash equivalents amounted to approximately RMB 12,964,000, down from RMB 35,107,000 as of December 31, 2023[31] Operational Efficiency and Cost Management - The company continues to focus on improving operational efficiency and reducing costs to enhance future profitability[4] - Management expenses were approximately RMB 6,503,000, a decrease of 21.31% from RMB 8,264,000 in the same period last year, attributed to lower staff and rental costs[28] - The company incurred financing costs of RMB (519) thousand for the six months ended June 30, 2024, compared to RMB (590) thousand for the same period in 2023, indicating a reduction in financing expenses[11] Shareholder Information - Major shareholders include Goldcorp Industrial Limited and Great Song Enterprises Limited, each holding 10.35% of the shares[38] - The company’s major shareholders include Yao Bin, who holds 174,840,000 shares, representing 13.27%[38] - The company’s total equity held by its directors amounts to 123,552,682 shares, which is 9.38% of the total issued capital[41] Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules Appendix C1, with some deviations noted regarding the number of independent non-executive directors[48] - The company appointed Ms. Chan San Ngai as an independent non-executive director effective March 28, 2024, to meet the minimum requirements of independent directors[50] - The Remuneration Committee was established in November 2005 to review the remuneration policies of directors and senior management[51] - The Nomination Committee was established in March 2012 to develop nomination policies and recommend appointments to the board[52] - The Audit and Risk Management Committee was established on August 27, 2001, in accordance with GEM Listing Rules[53] Future Outlook - The company continues to focus on innovation-driven development and has launched new payment solutions to enhance customer engagement and create value[29] - The group aims to control costs and strengthen risk monitoring while pushing for the implementation of new products and services in the second half of 2024[30] - The company has not indicated any new product launches or technological advancements in the provided content[19] - The company’s future outlook and performance guidance were not explicitly mentioned in the provided content[19]
新利软件(08076) - 2024 - 中期业绩