Financial Performance - For the six months ended June 30, 2021, the Group recorded revenue of approximately RMB 619.7 million, representing a year-on-year increase of approximately 12.2%[15]. - Gross profit for the same period was approximately RMB 189.7 million, reflecting a year-on-year increase of approximately 19.2%[16]. - The gross profit margin increased by approximately 1.8 percentage points year-on-year[16]. - Operating profit was approximately RMB 85.2 million, representing a year-on-year increase of approximately 4.6%[16]. - Net profit for the period was approximately RMB 68.4 million, a year-on-year decrease of approximately 16.6%[17]. - If excluding the book loss from exchange rate fluctuations, the year-on-year net profit would have increased by approximately 7.2%[17]. - Revenue from the Embedded Software and Secure Payment Products segment was RMB 360.8 million, up 10.1% from RMB 327.6 million in H1 2020[9]. - Revenue from the Platform and Service segment was RMB 258.9 million, reflecting a year-on-year increase of 15.1% from RMB 224.8 million in H1 2020[10]. - The Group's net profit for the six months ended June 30, 2021, was approximately RMB 68.4 million, a year-on-year decrease of approximately 16.6%, primarily due to foreign exchange losses[19]. - Profit for the period attributable to owners of the Company was RMB 69,050,000, a decrease of 15.9% from RMB 82,084,000 in the prior year[147]. - Total comprehensive income for the period was RMB 67,570,000, down from RMB 83,314,000 in the previous year[147]. - Basic and diluted earnings per share for the period were both 8.4 cents, compared to 9.9 cents in the same period last year[147]. Assets and Liabilities - Total assets as of June 30, 2021, were RMB 2,535.1 million, a decrease of 1.6% from RMB 2,577.3 million as of December 31, 2020[11]. - Net assets as of June 30, 2021, were RMB 1,970.3 million, down 1.4% from RMB 1,997.5 million as of December 31, 2020[11]. - The total assets of the Group as of June 30, 2021, were RMB 1,200,000,000, reflecting a stable financial position[149]. - Total non-current assets increased to RMB 773,358,000 from RMB 556,533,000, representing a growth of 39%[150]. - Current assets decreased to RMB 1,761,758,000 from RMB 2,020,730,000, a decline of 13%[150]. - Total liabilities decreased to RMB 564,805,000 from RMB 579,727,000, a reduction of 3%[155]. - Trade receivables increased to RMB 393,299,000 from RMB 271,046,000, a growth of 45%[150]. - Inventories rose to RMB 221,155,000 from RMB 190,375,000, an increase of 16%[150]. Cash Flow and Dividends - The Group proposed an interim dividend of HK2.5 cents (approximately RMB2.1 cents) per ordinary share for the six months ended June 30, 2021[23]. - The company paid dividends amounting to RMB 94,795,000 during the reporting period, compared to RMB 5,501,000 in the previous year[164]. - For the six months ended June 30, 2021, the net cash used in operating activities was RMB 93,009,000, compared to RMB 94,050,000 in the same period of 2020[164]. - Cash generated from investing activities amounted to RMB 174,764,000, a significant increase from RMB 92,377,000 in the previous year[164]. - The company reported a net decrease in cash and cash equivalents of RMB 15,524,000, while cash and cash equivalents at the end of the period were RMB 361,209,000, up from RMB 248,849,000 in 2020[164]. Research and Development - Research and development costs for the period were RMB 55,344,000, an increase from RMB 49,580,000 in the prior year[147]. - The Group's investment in research and development resources aims to strengthen its core technology advantages in software systems and A.I. image processing[42]. - The Group is focusing on developing digital currency-related products and solutions based on its secure chip operating system, aligning with China's strategy to release digital currency[36]. Strategic Initiatives - The Group's strategy focuses on "Promoting Digital Platform and Deepening Fintech Innovation," leveraging digital transformation opportunities within major financial customers[29]. - The UMV platform utilizes customer resources, technology, and supply chain advantages to create an innovative ecosystem for financial payment products[39]. - The self-service kiosks business aligns with the digital transformation trend and the "contact-free" economic activities, leveraging the Group's resource advantages[39]. - The "Zhuhai Fintech Center" is set to officially operate in Q4 2021, aiming to build a fintech park with significant influence in the Guangdong-Hong Kong-Macao Greater Bay Area[48]. Corporate Governance and Shareholder Information - The Company has complied with all Code Provisions as set out in the Corporate Governance Code throughout the six months ended June 30, 2021[102]. - The company maintains a register of substantial shareholders' interests as required by the SFO[123]. - The interests of directors and substantial shareholders are disclosed in accordance with the SFO[127]. - Mr. LU Run Ting, the Chairman, holds 299,759,422 shares, representing approximately 35.96% of the Company[116]. - Mr. LU Runyi holds 48,321,000 shares, representing approximately 5.8% of the Company[116]. - The company has no significant contracts with controlling shareholders during the six months ended June 30, 2021[131].
金邦达宝嘉(03315) - 2021 - 中期财报