Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 154,984 thousand, an increase of 13.2% compared to RMB 136,903 thousand for the same period in 2023[2] - Gross profit for the same period was RMB 31,828 thousand, representing a gross margin of 20.5%, up from 11.0% in the previous year[2] - Profit attributable to equity holders for the six months ended June 30, 2024, was RMB 8,955 thousand, a significant increase from RMB 620 thousand in the prior year[2] - Basic and diluted earnings per share from continuing operations was RMB 3.58, compared to RMB 0.25 for the same period in 2023[4] - Total comprehensive income for the six months ended June 30, 2024, was RMB 15,309 thousand, compared to a loss of RMB 23,918 thousand in the previous year[6] - The company has shown a strong recovery from the previous year's losses, indicating positive operational improvements and strategic adjustments[5] Assets and Liabilities - Non-current assets as of June 30, 2024, amounted to RMB 140,083 thousand, down from RMB 147,506 thousand as of December 31, 2023[7] - Current assets increased to RMB 231,733 thousand as of June 30, 2024, compared to RMB 193,308 thousand at the end of 2023[7] - Trade payables increased to RMB 24,314 thousand from RMB 14,876 thousand in the previous period[7] - The company reported a net cash position of RMB 53,451 thousand as of June 30, 2024, down from RMB 60,696 thousand at the end of 2023[7] - As of June 30, 2024, the total net assets of the company increased to RMB 286,404,000 from RMB 273,495,000 as of December 31, 2023, representing a growth of approximately 4.4%[8] - The total equity attributable to owners of the company increased to RMB 273,831,000 from RMB 262,541,000, reflecting a growth of approximately 4.3%[8] - Non-current liabilities, including lease liabilities, deferred government grants, and deferred tax liabilities, totaled RMB 14,022,000, slightly up from RMB 13,955,000[8] Segment Information - The company has identified only one reportable operating segment, which is the provision of electronic manufacturing services, following the sale of its financial application platform subsidiary on August 21, 2023[15] - The financial application platform and maintenance services segment has been classified as discontinued operations, with no further analysis provided for this segment[18] - The company has not disclosed further segment information for the six months ending June 30, 2024, due to the sale of the financial application platform segment[15] Revenue Sources - For the six months ended June 30, 2023, the total revenue from the electronic manufacturing services segment was RMB 136,903,000, while the financial application platform segment generated RMB 1,344,000, leading to a combined revenue of RMB 138,247,000[19] - Major customers contributed over 10% of total revenue, with Customer A generating RMB 61,767,000 and Customer B contributing RMB 28,855,000 for the six months ended June 30, 2024[20] - The top five customers accounted for approximately 58.5% of the total revenue for the six months ending June 30, 2024, down from 77.2% for the same period in 2023[21] Expenses and Costs - The cost of raw materials and consumables increased to RMB 56,007,000, up from RMB 46,073,000, representing a 21.0% increase year-over-year[31] - The total sales cost, sales and distribution expenses, administrative and other operating expenses, and impairment losses amounted to RMB 142,454,000, compared to RMB 139,048,000 in the previous year, reflecting a 2.9% increase[31] - The total administrative and other operating expenses were RMB 105,160,000, compared to RMB 96,317,000, reflecting a 9.5% increase year-over-year[31] - The company’s employee costs, including director remuneration, totaled RMB 30,046,000 for the six months ended June 30, 2024, down from RMB 42,474,000 in the same period of 2023[30] Accounting and Reporting - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2024, which may impact future financial reporting[12] - The company continues to assess the implications of new accounting standards that will take effect in the coming years, including those related to financial instruments and revenue recognition[14] - The company has not adopted any new accounting standards that would have a significant impact on its financial position or performance during the reporting period[12] Corporate Governance and Practices - The company has adopted corporate governance practices in line with the listing rules, although it deviates from the requirement that the roles of the chairman and CEO should be separate[86] - The company has established a share option plan to recognize and incentivize contributions from eligible participants[87] - The company has maintained a sufficient public float of at least 25% of the total issued shares during the interim period[93] Miscellaneous - The company did not declare or pay any dividends for the six months ended June 30, 2024[42] - The company has not engaged in any significant acquisitions, disposals, or major investments during the interim period[83] - The audit committee, established on September 20, 2019, has reviewed the interim results for the six months ending June 30, 2024[92]
信恳智能(01967) - 2024 - 中期业绩