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元力控股(01933) - 2022 - 中期财报
ONEFORCE HLDGSONEFORCE HLDGS(HK:01933)2021-12-22 08:32

Financial Performance - During the reporting period, the Group's revenues increased by 53% and profits increased by 151%[8]. - Revenue for the six months ended September 30, 2021, was RMB 163,510,000, representing a 52.6% increase from RMB 107,102,000 in the same period of 2020[137]. - Gross profit for the same period was RMB 31,932,000, up 27.9% from RMB 24,972,000 year-over-year[137]. - Profit for the period attributable to equity shareholders was RMB 7,860,000, a significant increase of 151.5% compared to RMB 3,133,000 in the prior year[139]. - Total comprehensive income for the period attributable to equity shareholders was RMB 7,667,000, compared to RMB 2,556,000 in the previous year, marking a 200.3% increase[139]. - The Group's overall gross profit margin decreased from approximately 23.3% to 19.5%, primarily due to increased outsourced labor costs and rising raw material and logistics costs[37]. - The company reported a profit and total comprehensive income of RMB 7,667,000 for the six months ended September 30, 2021, compared to RMB 2,556,000 for the same period in 2020, representing an increase of approximately 200%[147]. Revenue Breakdown - Revenue from the sale of software and solutions rose by approximately RMB 8,360,000, attributed to new large-scale information construction projects in the energy sector[34]. - Revenue from technical services increased by approximately RMB 31,963,000, due to an expanded scope of services provided to customers like China Southern Power Grid[34]. - Revenue from product sales grew by approximately RMB 16,085,000, linked to the implementation of a new visualization exhibition hall project for energy enterprises[34]. - Revenue from the sale of software and solutions was RMB 27,247,000, up 44.3% from RMB 18,887,000 in the prior year[171]. - Technical services revenue increased by 53.7% to RMB 91,422,000 from RMB 59,459,000 year-over-year[171]. - Product sales rose by 56.2% to RMB 44,841,000 compared to RMB 28,756,000 in the previous year[171]. Assets and Liabilities - As of September 30, 2021, the carrying amount of trade and bill receivables and contract assets was approximately RMB305,337,000, an increase of 21.3% from RMB251,747,000 as of March 31, 2021, driven by revenue growth[41]. - The carrying amount of intangible assets as of 30 September 2021 was approximately RMB 21,549,000, down from RMB 27,649,000 on 31 March 2021[38]. - Current assets totaled RMB 359,883,000, up from RMB 322,808,000, representing an increase of 11.5%[141]. - Net assets as of September 30, 2021, were RMB 221,245,000, compared to RMB 213,503,000 as of March 31, 2021, showing a growth of 3.2%[142]. - The company reported an increase in finance costs to RMB 808,000 from RMB 211,000, which is a rise of 282.0%[137]. Cash Flow and Financing - The net cash used in operating activities for the six months ended September 30, 2021, was RMB 19,641,000, compared to RMB 11,252,000 for the same period in 2020, indicating a significant increase in cash outflow[149]. - Cash generated from investing activities was RMB 15,133,000 for the six months ended September 30, 2021, contrasting with a cash outflow of RMB 957,000 in the previous year, showing a positive turnaround[149]. - The company received RMB 28,012,000 from borrowings during the six months ended September 30, 2021, compared to RMB 18,800,000 in the same period of 2020, reflecting a 49% increase in financing activities[149]. Corporate Governance - The company has maintained high corporate governance standards, adhering to the Corporate Governance Code as per the Listing Rules[72]. - The company emphasizes effective risk management and internal control systems as part of its governance framework[72]. - The company has adopted the Model Code for Securities Transactions by Directors, ensuring compliance during the reporting period[74]. - All directors confirmed compliance with the standards of the Model Code during the reporting period[76]. - The company has continuously optimized its governance practices to foster a high standard of corporate culture[72]. Strategic Focus - The Group is committed to enhancing data standards and energy data analysis to achieve improvements in system energy efficiency and cloud-side collaborative control[10]. - The Group aims to support the transformation of China into a strong manufacturing, network, and digital country through its intelligent integrated energy software solutions[10]. - The Group's focus on smart city infrastructure development continues to be a strategic priority in the PRC market[155]. - The energy field is identified as the main battleground for carbon emission reduction in China, with a focus on building a new power system centered on new energy[14]. - Demand-side response and virtual power plants are emerging as new choices for users in the evolving energy service landscape[16]. Employee and Talent Management - The total number of employees decreased to approximately 96 as of September 30, 2021, from approximately 111 as of March 31, 2021[61]. - Total employee benefit expenses for the Group amounted to approximately RMB14,276,000 for the Reporting Period, a decrease of 9.9% from RMB15,859,000 for the six months ended September 30, 2020[61]. - The Group is committed to investing in technology R&D and talent training to ensure product and service competitiveness[23]. - The Group's R&D expenditure charged to profit or loss accounts for the six months ended September 30, 2021, was RMB4,286,000, up 84.3% from RMB2,320,000 for the same period in 2020[46].