Financial Performance - For the six months ended June 30, 2024, the group's unaudited revenue was approximately RMB 503.6 million, an increase of about 6.2% compared to RMB 474.2 million for the same period in 2023[1]. - The group's unaudited gross profit for the same period was approximately RMB 61.8 million, representing a 16.6% increase from RMB 53.0 million in the prior year[1]. - The unaudited profit attributable to equity holders of the parent company was approximately RMB 7.8 million, up about 20.6% from RMB 6.4 million in the same period last year[1]. - Basic and diluted earnings per share attributable to equity holders increased by approximately 22.6% to about RMB 0.38, compared to RMB 0.31 for the same period in 2023[1]. - The group reported a pre-tax profit of RMB 36,087,000 for the six months ended June 30, 2024, compared to RMB 29,852,000 in 2023, representing an increase of about 20.5%[19]. - The total tax expense for the six months ended June 30, 2024, was RMB (380,000), compared to RMB 626,000 in 2023, indicating a reduction in tax expense[21]. - The profit attributable to the owners of the parent company for the reporting period was approximately RMB 7.8 million, an increase of about 20.6% compared to approximately RMB 6.4 million for the six months ended June 30, 2023[58]. Revenue Breakdown - For the six months ended June 30, 2024, the total revenue from reportable segments was RMB 503,584,000, compared to RMB 474,201,000 for the same period in 2023, representing a year-over-year increase of approximately 6.2%[17]. - The IT Infrastructure Services segment generated revenue of RMB 147,126,000 for the six months ended June 30, 2024, compared to RMB 161,075,000 for the same period in 2023, reflecting a decline of approximately 8.6%[17]. - The Cloud and AI Services segment reported a gross profit of RMB 27,529,000 for the six months ended June 30, 2024, which is an increase from RMB 11,801,000 in the same period of 2023, showing significant growth[17]. - The IT Implementation and Support Services segment achieved revenue of RMB 67,186,000 for the six months ended June 30, 2024, compared to RMB 166,640,000 for the same period in 2023, indicating a decrease of approximately 59.7%[17]. - Revenue from cloud and AI services reached RMB 289,272,000 for the six months ended June 30, 2024, up from RMB 146,486,000 in the same period of 2023, indicating a significant increase of approximately 97.4%[18]. - The company's cloud solutions service revenue for the six months ended June 30, 2024, was RMB 285,644,000, compared to RMB 141,992,000 in 2023, marking an increase of approximately 101.5%[18]. Expenses and Costs - The cost of goods sold and services provided for the six months ended June 30, 2024, was RMB 441,749,000, compared to RMB 416,502,000 in 2023, reflecting an increase of about 6.0%[19]. - Sales and distribution expenses rose by approximately 23.1% to RMB 16.2 million, primarily due to increased personnel costs during the reporting period[51]. - Administrative expenses increased by approximately 10.9% to RMB 12.8 million, also driven by rising personnel costs[52]. - Research and development expenses for the six months ended June 30, 2024, were RMB 22,975,000, down from RMB 26,613,000 in 2023, a decrease of approximately 13.3%[19]. - Research and development expenses grew by approximately 4.6% to RMB 23.0 million, reflecting progress in project advancements during the reporting period[53]. - Interest expenses on bank loans for the six months ended June 30, 2024, were RMB 1,006,000, down from RMB 1,217,000 in 2023, a decrease of about 17.3%[21]. Assets and Liabilities - Total current assets as of June 30, 2024, amounted to RMB 565.3 million, an increase from RMB 408.8 million as of December 31, 2023[4]. - Current liabilities totaled RMB 386.3 million as of June 30, 2024, compared to RMB 239.5 million at the end of 2023[4]. - The net asset value as of June 30, 2024, was RMB 199.5 million, an increase from RMB 191.6 million as of December 31, 2023[5]. - The group's debt-to-asset ratio improved to 20.5% as of June 30, 2024, down from 51.0% as of December 31, 2023[63]. - Trade receivables amounted to RMB 229,095 thousand as of June 30, 2024, an increase from RMB 209,126 thousand as of December 31, 2023, with a net amount of RMB 208,909 thousand after impairment[25]. - Trade payables totaled RMB 179,114 thousand as of December 31, 2023, up from RMB 143,543 thousand[27]. Strategic Initiatives - The company has plans for market expansion and new product development, focusing on IT infrastructure services and cloud and AI services in mainland China[12]. - The group is enhancing its IT infrastructure and investing in cloud services and AI technologies to drive new business opportunities[35]. - The group is focusing on developing cloud business data and AI services, as well as self-developed AI products and industry solutions to meet market demands[45]. - The group plans to participate in the World Artificial Intelligence Conference in July 2024 to explore AI's potential in promoting multilateral cross-border cooperation, particularly in Southeast Asia[46]. - The group launched the e-GPT enterprise intelligent assistant, supporting over 100 AIGC scenarios, aimed at helping enterprises reduce costs and improve efficiency[40]. - The group hosted an AI Agent application scenario construction competition, promoting the use of its e-GPT platform to enhance workplace efficiency[42]. Corporate Governance and Compliance - The company has adhered to the corporate governance code, except for a deviation regarding the separation of roles between the chairman and the CEO[72]. - The company has adopted a standard code for directors' securities transactions and confirmed compliance with the trading standards as of June 30, 2024[74]. - The Audit Committee was established on April 14, 2020, in compliance with the listing rules and has reviewed the unaudited interim results for the period ending June 30, 2024[75]. Employee and Management - The group reported a total remuneration of RMB 1,743 thousand for key management personnel for the six months ended June 30, 2024, compared to RMB 1,659 thousand for the same period in 2023[31]. - Employee benefit expenses, including director remuneration, amounted to approximately RMB 36.1 million for the six months ended June 30, 2024, compared to RMB 29.9 million for the same period in 2023[66]. - As of June 30, 2024, the group employed 234 employees, a decrease from 281 employees as of June 30, 2023[66].
伊登软件(01147) - 2024 - 中期业绩