Financial Performance - The company recorded unaudited revenue of approximately RMB 22.0 million, an increase of about 12.2% compared to RMB 19.6 million in the same period last year[2]. - Gross profit for the period was approximately RMB 7.8 million, representing a significant growth of about 124.7% from RMB 3.5 million in the same period last year[2]. - The company reported a net loss of approximately RMB 15.0 million, which is an increase of about 41.1% compared to a net loss of RMB 10.7 million in the same period last year[2]. - Basic loss per share attributable to shareholders was approximately RMB 0.03, consistent with the same period last year[2]. - Total comprehensive loss for the period amounted to RMB 14.675 million, compared to RMB 11.205 million in the same period last year[3]. - The group reported total revenue of RMB 22,040,000 for the six months ended June 30, 2024, an increase of 12.2% from RMB 19,640,000 in the same period of 2023[11]. - The group incurred a pre-tax loss of RMB 17,994,000 for the six months ended June 30, 2024, compared to a pre-tax loss of RMB 12,378,000 in the same period of 2023[17]. - The company recorded a revenue of approximately RMB 22.0 million for the period, representing a year-on-year increase of 12.2% or approximately RMB 2.4 million[38]. - The company reported a basic loss per share of RMB 14,892,000 for the six months ended June 30, 2024, compared to RMB 10,379,000 for the same period in 2023, with a weighted average of 500,000,000 shares outstanding[28]. - The group recorded a loss of approximately RMB 15.0 million for the period, an increase of approximately 41.0% or RMB 10.7 million compared to the same period last year, with basic and diluted loss per share of approximately RMB 0.03[54]. Revenue Breakdown - Revenue from integrated IT solution services reached RMB 14,455,000, up 21.0% from RMB 11,941,000 year-on-year[16]. - Hardware and software sales generated revenue of RMB 6,115,000, a slight decrease of 5.4% compared to RMB 6,463,000 in the previous year[16]. - Revenue from integrated IT solution services was approximately RMB 14.5 million, accounting for about 65.6% of total revenue, and increased by approximately 21.1% or RMB 2.5 million compared to the previous period[45]. Assets and Liabilities - Non-current assets totaled RMB 80.326 million, an increase from RMB 76.975 million as of December 31, 2023[5]. - Current assets decreased to RMB 246.548 million from RMB 292.359 million as of December 31, 2023[5]. - The company's total equity decreased to RMB 304.038 million from RMB 318.713 million as of December 31, 2023[8]. - Trade receivables from third parties decreased to RMB 314,755,000 as of June 30, 2024, down from RMB 339,030,000 as of December 31, 2023, reflecting a reduction of approximately 7.2%[29]. - The company’s total trade and other payables decreased to RMB 70,367,000 as of June 30, 2024, compared to RMB 89,623,000 as of December 31, 2023, indicating a decline of approximately 21.5%[31]. - The company’s trade receivables aging analysis shows that overdue amounts increased significantly, with RMB 143,226,000 overdue between three to six months as of June 30, 2024, compared to RMB 34,192,000 for the same period in 2023[30]. - The company’s trade payables aged analysis indicates that amounts due within one year decreased to RMB 25,339,000 as of June 30, 2024, from RMB 38,765,000 as of December 31, 2023[31]. Expenses - The company incurred research and development expenses of RMB 1.502 million, slightly up from RMB 1.458 million in the same period last year[3]. - R&D expenditure for the period was approximately RMB 1.5 million, an increase of about 3.0%, representing about 6.8% of total revenue[50]. - Administrative expenses for the period were approximately RMB 13.2 million, a decrease of about 4.6% or RMB 0.6 million compared to the previous period, mainly due to reduced listing costs[49]. - Sales expenses were approximately RMB 2.4 million, a decrease of about 25.6% or RMB 0.8 million, accounting for about 11.0% of total revenue[48]. - Financial costs for the period were RMB 5.6 million, an increase of approximately 24.0% or RMB 1.1 million compared to the same period last year, mainly due to an increase in average bank and other loan balances[52]. Government Support and Taxation - The group received government subsidies totaling RMB 669,000, down from RMB 1,391,000 in the previous year, a decrease of 52.1%[20]. - The group confirmed a tax credit of approximately RMB 3.0 million during the period, compared to RMB 1.7 million in the same period last year, mainly due to the recognition of deferred tax assets for credit loss provisions and accumulated tax losses[53]. - The company’s subsidiaries in China are subject to a corporate income tax rate of 25%, with certain subsidiaries qualifying for a reduced rate of 15% under specific conditions[7]. Corporate Governance and Future Outlook - The board of directors did not recommend the payment of an interim dividend, same as the previous period[2]. - The company has no interim dividend declared for the six months ended June 30, 2024, and no dividends were approved or paid for the previous fiscal year[32]. - The company plans to invest in an AI computing power center project in Guangxi, with the first phase including infrastructure for computing centers and smart computing centers[39]. - The group anticipates higher revenue and performance in the fourth quarter due to seasonal demand from educational institutions[19]. - The company established a Beijing R&D center in July 2024, focusing on cutting-edge AI technology development and application[43]. - The audit committee, consisting of three independent non-executive directors, reviewed and confirmed the accounting principles and policies adopted by the group[62]. - The group has complied with relevant laws and regulations without any significant violations during the period[63]. - No significant events occurred after the reporting period that could impact the group[64]. - The announcement is dated August 29, 2024, indicating the company's commitment to timely reporting[64]. - The chairman of the board is Li Changqing, reflecting the leadership structure of the company[64]. - The company is committed to transparency in its financial reporting and communication with shareholders[64]. - The announcement does not indicate any new product developments or market expansions[64]. - There are no updates on mergers or acquisitions in the announcement[64]. - The company continues to focus on maintaining its operational integrity post-reporting period[64].
迈越科技(02501) - 2024 - 中期业绩