Financial Performance - For the six months ended June 30, 2021, the company reported revenue of RMB 473.68 million, a 41.6% increase from RMB 334.70 million in the same period of 2020[8]. - Gross profit for the same period was RMB 53.33 million, up 50.3% from RMB 35.48 million year-on-year[8]. - The company's net profit attributable to shareholders for the six months was RMB 15.996 million, representing a 53.5% increase compared to RMB 10.42 million in the prior year[8]. - The company reported a total comprehensive income of RMB 15.37 million for the period, compared to RMB 10.25 million in the same period last year[11]. - The basic and diluted earnings per share for the period were RMB 0.77, up from RMB 0.63 in the previous year[11]. - The company reported a profit of RMB 15,996 thousand for the six months ended June 30, 2021, compared to a profit of RMB 10,420 thousand for the same period in 2020, reflecting an increase of approximately 53.5%[23]. - The company's revenue for the six months ended June 30, 2021, was approximately RMB 473.7 million, an increase of about RMB 139.0 million or 41.5% compared to RMB 334.7 million for the same period last year[96]. - Gross profit increased by approximately 50.3% from RMB 35.5 million for the six months ended June 30, 2020, to RMB 53.3 million for the same period in 2021[99]. - The gross margin for the six months ended June 30, 2021, was 11.3%, compared to 10.6% for the same period in 2020, indicating stable performance[99]. Research and Development - Research and development expenses increased significantly to RMB 15.41 million, compared to RMB 5.56 million in the same period last year, reflecting a focus on innovation[8]. - The company's research and development expenses increased significantly to RMB 15,410 (thousand) in 2021 from RMB 5,557 (thousand) in 2020, marking an increase of approximately 177.5%[51]. - The company continues to enhance research and development of IT solutions and cloud services to maintain competitiveness and increase market share in the IT services industry[83]. - The company aims to strengthen its core competitiveness while expanding into high-tech fields such as AI and IoT to provide innovative business models and quality services[95]. Assets and Liabilities - Total current assets as of June 30, 2021, amounted to RMB 412.29 million, an increase from RMB 348.63 million at the end of 2020[16]. - The company's cash and cash equivalents increased to RMB 147.51 million, up from RMB 105.31 million at the end of 2020[16]. - Current liabilities totaled RMB 173.36 million, compared to RMB 175.27 million at the end of 2020, indicating improved liquidity management[17]. - The total equity as of June 30, 2021, increased to RMB 206,267 thousand from RMB 190,896 thousand as of December 31, 2020, representing a growth of approximately 8.0%[20]. - The company’s non-current liabilities decreased to RMB 2,641 thousand as of June 30, 2021, from RMB 3,637 thousand as of December 31, 2020, a reduction of approximately 27.4%[20]. - The asset-liability ratio improved to 5.6% as of June 30, 2021, compared to 19.4% as of December 31, 2020[113]. Segment Performance - For the six months ended June 30, 2021, the total revenue from the IT Infrastructure Services segment was RMB 243.7 million, with a gross profit of RMB 30.0 million, representing a gross margin of approximately 12.3%[38]. - The IT Implementation and Support Services segment generated revenue of RMB 95.8 million, with a gross profit of RMB 7.4 million, resulting in a gross margin of approximately 7.8%[38]. - The Cloud Services segment reported revenue of RMB 134.2 million, achieving a gross profit of RMB 15.9 million, which corresponds to a gross margin of approximately 11.9%[38]. - The total revenue for the group for the six months ended June 30, 2021, was RMB 473.7 million, with a total gross profit of RMB 53.3 million, indicating an overall gross margin of approximately 11.3%[38]. Cash Flow and Financing - The net cash flow from operating activities for the six months ended June 30, 2021, was RMB 49,388 thousand, compared to RMB 72,948 thousand for the same period in 2020, indicating a decrease of about 32.3%[25]. - The company’s financing activities resulted in a net cash outflow of RMB 1,858 thousand for the first half of 2021, compared to an inflow of RMB 77,106 thousand in the same period of 2020[27]. - The company entered into a wealth management agreement with Industrial Bank on July 9, 2021, agreeing to subscribe to wealth management products amounting to RMB 40,000 thousand (approximately HKD 48,000 thousand)[80]. - Financing costs decreased by approximately 42.8% from RMB 0.3 million to RMB 0.1 million, mainly due to a reduction in bank borrowings[104]. Employee and Management - The total remuneration for key management personnel, including directors' salaries, was RMB 1,809 thousand for the six months ended June 30, 2021, compared to RMB 1,745 thousand in 2020, reflecting a 3.7% increase[75]. - Employee benefits expenses totaled approximately RMB 14.5 million for the six months ended June 30, 2021, compared to RMB 8.7 million for the same period in 2020[119]. - As of June 30, 2021, the group employed 231 staff, an increase from 155 staff as of June 30, 2020[119]. Corporate Governance and Compliance - The company complied with the corporate governance code, except for deviation from code provision A.2.1, where the roles of Chairman and CEO are held by the same individual[142]. - The audit committee, established on April 14, 2020, reviewed the unaudited interim consolidated results for the six months ended June 30, 2021, ensuring compliance with applicable accounting standards and regulations[149]. - There were no significant events requiring disclosure under the listing rules after June 30, 2021, until the report date[151].
伊登软件(01147) - 2021 - 中期财报