Financial Performance - The company reported a revenue increase of 11.56% year-on-year, reaching RMB 538.13 million for the six months ending June 30, 2024[2]. - The net profit attributable to shareholders decreased by 164.54% year-on-year, resulting in a loss of RMB 23.92 million[2]. - Basic loss per share was RMB 0.0825[6]. - Operating profit for the first half of 2024 was a loss of RMB 11.52 million, compared to a profit of RMB 47.32 million in the same period last year[5]. - The company reported a net loss of RMB 11.25 million for the first half of 2024, compared to a net profit of RMB 42.94 million in the same period last year[6]. - The gross profit for the first half of 2024 was RMB 157.68 million, a decrease of 21.94% year-on-year[33]. - The company reported a net loss attributable to ordinary shareholders of RMB -23,920,445.62 for the first half of 2024, resulting in a basic earnings per share of -0.0825[25]. - The company’s other income decreased by 44.11% to RMB 4.58 million, primarily due to reduced rental income from the Digital Beijing Building[33]. Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 2,435.93 million, a decrease from RMB 2,496.82 million at the end of 2023[4]. - Total liabilities decreased from RMB 1,294.01 million at the end of 2023 to RMB 1,234.34 million[4]. - The company’s accounts payable decreased to RMB 282,589,727.66 as of June 30, 2024, from RMB 398,969,828.62 at the end of 2023[20]. - The company’s bad debt provision as of June 30, 2024, was RMB 182,143,911.12, reflecting a decrease from RMB 192,943,781.91 at the end of 2023[18]. - Contract liabilities increased to RMB 405,764,410.04 as of June 30, 2024, compared to RMB 315,570,239.61 at the end of 2023[22]. Dividends - The company did not declare an interim dividend for the six months ending June 30, 2024, consistent with the previous year[2]. - The company did not declare a final dividend for the year ending December 31, 2023, following the approval at the annual general meeting on June 18, 2024[26]. Research and Development - The company incurred research and development expenses of RMB 51.57 million, up from RMB 42.65 million year-on-year[5]. Governance and Structure - The company has established a governance structure comprising a shareholders' meeting, party committee, board of directors, and supervisory board, with a three-tier organizational structure[7]. - The company has established 15 subsidiaries across various regions, including Beijing, Guangzhou, and Xinjiang, to enhance its operational reach[7]. - The company has a comprehensive organizational structure with four mature business units and five technical centers to support its operations[7]. Taxation - The company has a tax rate of 25% for corporate income tax, with specific subsidiaries having varying rates, such as 15% for the main company and certain subsidiaries[15][16]. - The company obtained high-tech enterprise certification on October 26, 2023, allowing a reduced corporate income tax rate of 15% for three years[17]. - The company has a tax refund policy for value-added tax exceeding 3% for software products sold, as per relevant regulations[16]. Operational Insights - The company operates in the software industry, focusing on network application services and system integration, with a consolidated financial reporting scope that includes 8 entities[7][8]. - The company’s operating revenue is heavily concentrated in Beijing, accounting for 98.32% of total revenue[33]. - The company signed contracts in various sectors, including a project for the Xinjiang government and upgrades for the Shanghai housing fund management platform[28]. - The company plans to enhance its core competitiveness and service capabilities in line with Beijing's strategy to build a global digital economy benchmark city[32]. Audit and Compliance - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending June 30, 2024, and believes they are prepared in accordance with applicable accounting standards[38]. - The company has complied with the relevant codes of conduct as per the Listing Rules during the six months ending June 30, 2024[39]. - No purchase, sale, or redemption of the company's listed securities occurred during the six months ending June 30, 2024[39]. Employee Information - The company’s employee count stood at 1,696 as of June 30, 2024, with employee costs amounting to approximately RMB 231.89 million during the reporting period[31].
首都信息(01075) - 2024 - 中期业绩