Revenue and Profitability - Revenue for the six months ended June 30, 2021, increased by 30.2% to RMB 1,402.5 million from RMB 1,077.1 million for the same period in 2020[10]. - The company reported a profit of RMB 291.1 million for the period, up 30.7% from RMB 222.6 million in the previous year[12]. - Net profit increased by 30.7% from RMB 222.6 million for the six months ended June 30, 2020, to RMB 291.1 million for the six months ended June 30, 2021[50]. - The company reported a profit attributable to equity holders of RMB 302,746,000 for the six months ended June 30, 2021, compared to RMB 222,641,000 in the prior year[147]. - Profit before tax increased by 42.4% from RMB 244.4 million for the six months ended June 30, 2020, to RMB 348.0 million for the comparable period in 2021[49]. Customer and Merchant Growth - The number of active payment service merchants increased by 30.6% to 6,129 thousand from 4,692 thousand year-on-year[9]. - The number of consumers served through payment services rose by 67.2% to 822,445 thousand from 491,865 thousand year-on-year[9]. - The number of technology-enabled business service customers increased by 188.9% to 1,689 thousand from 585 thousand year-on-year[9]. - The number of active payment service merchants increased by 30.6% year-on-year to nearly 6.13 million, while the number of consumers reached 822.4 million, up 67.2% year-on-year[16]. Revenue Streams - Revenue from the one-stop payment service increased by 18.0% to RMB 1,044.2 million from RMB 885.1 million year-on-year[12]. - Revenue from technology-enabled business services surged by 86.6% to RMB 358.2 million from RMB 192.0 million year-on-year[12]. - Revenue from SaaS digital solutions increased significantly by 134.3% to RMB 27.3 million, due to efforts in improving existing products and expanding service coverage[33]. - Revenue from marketing services increased by 68.5% to RMB 243.2 million for the six months ended June 30, 2021, compared to RMB 144.3 million in the same period of 2020[34]. - Revenue from fintech services rose by 18.7% to RMB 42.7 million for the six months ended June 30, 2021, up from RMB 36.0 million in the prior year[35]. Operating Performance - Gross profit margin decreased to 24.8% from 30.7% year-on-year[10]. - Operating profit surged to RMB 360.7 million for the six months ended June 30, 2021, up from RMB 127.4 million in the previous year[28]. - Operating costs increased by 41.3% to RMB 1,054.3 million for the six months ended June 30, 2021, compared to RMB 746.1 million in the same period of 2020[38]. - Sales expenses surged by 191.3% to RMB 88.7 million for the six months ended June 30, 2021, compared to RMB 30.5 million in the same period of 2020[42]. Financial Position - Total assets increased from RMB 5,623.4 million as of December 31, 2020, to RMB 5,777.3 million as of June 30, 2021[54]. - Total liabilities decreased from RMB 2,456.5 million as of December 31, 2020, to RMB 2,255.5 million as of June 30, 2021[54]. - Cash and cash equivalents decreased by 16.4% from RMB 2,542.3 million as of December 31, 2020, to RMB 2,126.3 million as of June 30, 2021[55]. - The company's equity attributable to owners increased to RMB 3,528,163 thousand, up from RMB 3,119,787 thousand, indicating a growth of around 13.1%[105]. Investments and Acquisitions - The company agreed to acquire all issued share capital of CHUANGXINZHONG LTD for a total consideration of RMB 170,000,000, consisting of RMB 15,000,000 in cash and 4,902,718 shares issued at HKD 37.50 per share[60]. - The company completed the sale of 60% equity in the SaaS provider Zhizhanggui for a total consideration of RMB 179,588,000, including cash of RMB 100,000,000 and preferred shares valued at RMB 79,588,000[187]. - The company completed the acquisition of an additional 42.5% stake in Chuangxinzhong for RMB 170,000,000, increasing its ownership to 85%[190]. Shareholder Information - The total number of issued ordinary shares as of June 30, 2021, was 451,902,842 shares[67]. - Liu Yingqi held 165,710,764 shares, representing approximately 36.67% of the company[65]. - The company did not recommend an interim dividend for the six months ended June 30, 2021, consistent with the previous year[62]. Risk Management and Compliance - The overall risk management plan focuses on minimizing potential adverse impacts on financial performance due to market unpredictability[119]. - The company has not made any significant changes to its risk management policies since December 31, 2020[119]. - The company has not reported any incidents of non-compliance with employee trading guidelines as of June 30, 2021[89]. Employee and Compensation - The total number of employees as of June 30, 2021, was 1,199, primarily located in China[62]. - Employee benefit expenses increased to RMB 184,085,000 from RMB 87,577,000, reflecting a significant rise in workforce costs[141]. - The company continues to focus on attracting and retaining talent, offering competitive compensation and benefits[62].
移卡(09923) - 2021 - 中期财报