Financial Performance - Revenue for the six months ended June 30, 2021, was RMB 230,406,000, an increase of 15.1% compared to RMB 200,032,000 in 2020[14]. - Gross profit for the same period was RMB 20,354,000, down 12.3% from RMB 23,147,000 in 2020[14]. - Loss before tax improved to RMB 14,773,000 from RMB 67,965,000 in the previous year, indicating a significant reduction in losses[14]. - The loss attributable to owners of the parent from continuing operations was RMB 10,888,000, compared to RMB 66,926,000 in 2020, reflecting a substantial improvement[14]. - Basic and diluted loss per share from continuing operations was RMB (15.51) cents, an improvement from RMB (95.34) cents in the prior year[14]. - The total comprehensive loss for the period attributable to owners of the parent was RMB 12,197,000, significantly reduced from RMB 68,607,000 in the previous year[14]. - The Group's revenue for the six months ended 30 June 2021 was approximately RMB230.4 million, an increase of approximately RMB30.4 million or 15.2% compared to approximately RMB200.0 million for the same period in 2020[26]. - The Group recorded a loss from continuing operations of approximately RMB 13.5 million, a significant decrease from RMB 68.9 million in the same period last year, primarily due to the absence of goodwill impairment losses[45]. - The total loss for the period was RMB 12,197,000, compared to a loss of RMB 68,607,000 in 2020[191]. - The total comprehensive loss for the period was RMB (72,812) thousand, a decrease of 63.1% from RMB (197,405) thousand in the prior year[197]. Operational Expenses - The cost of sales increased by approximately RMB33.2 million or 18.8% to approximately RMB210.1 million for the Period, aligning with the revenue increase[27]. - Selling and distribution expenses increased by approximately RMB0.5 million or 4.2% to approximately RMB12.5 million, driven by increased marketing activities[34]. - Administrative expenses rose by approximately RMB0.4 million or 1.7% to approximately RMB23.7 million, reflecting increased business operations[35]. - Selling and distribution expenses increased to RMB 12,495,000 from RMB 11,989,000, reflecting a rise of 4.2%[191]. - Administrative expenses slightly increased to RMB 23,684,000 from RMB 23,295,000, showing a marginal rise of 1.7%[191]. - Other income and gains decreased to RMB 2,190,000 from RMB 4,378,000, a decline of 50%[191]. - Finance costs decreased to RMB 1,089,000 from RMB 1,624,000, a reduction of 33%[191]. Strategic Focus and Future Outlook - The company continues to focus on network system integration and smart office software solutions as part of its core business strategy[3]. - Future outlook includes potential market expansion and the introduction of new technologies to enhance service offerings[3]. - The company is actively exploring opportunities for mergers and acquisitions to strengthen its market position[3]. - The Group is developing Smart Office Software Solutions and PropTech solutions, with a focus on AI and IoT technology to enhance sustainability and productivity in the commercial real estate sector[92]. - The Group plans to proactively invest to strengthen its market position in the PRC, Hong Kong, and expand into overseas markets[94]. Capital Structure and Shareholder Information - As of June 30, 2021, the Group's gearing ratio was approximately 8.1%, up from 6.7% at the end of 2020, mainly due to a decrease in total assets and an increase in borrowings[46]. - Total interest-bearing bank and other borrowings amounted to approximately RMB 53.1 million, an increase from RMB 48.2 million at the end of 2020, with approximately RMB 34.9 million being unsecured[52]. - The Group recorded a tax credit of approximately RMB 1.2 million for the period, compared to a tax expense of approximately RMB 1.0 million in the same period last year, mainly due to deferred tax credits[44]. - The total number of issued shares of the Company as of June 30, 2021, is 1,404,000,000 Shares, used for calculating approximate percentage shareholdings[1]. - The New Share Option Scheme allows for a maximum of 72,000,000 Shares to be issued upon exercise of options, representing 10% of the issued share capital[124]. - The Company has changed its domicile from the Cayman Islands to Bermuda, effective 7 July 2021[145]. Corporate Governance and Compliance - The Company has adopted the Corporate Governance Code and complied with its principles, except for the deviation regarding the roles of chairman and CEO being held by the same individual[157]. - The Audit Committee held two meetings during the six months ended June 30, 2021, and consists of three independent non-executive Directors[164]. - The financial results for the six months ended June 30, 2021, have not been audited[165]. - The Company will seek to comply with the Corporate Governance Code provision regarding the separation of the roles of chairman and CEO in the future[157].
威讯控股(01087) - 2021 - 中期财报