Financial Performance - The group recorded a revenue of approximately RMB 23,404,000 for the six months ended June 30, 2024, representing an increase of about 26.23% compared to RMB 18,541,000 for the same period in 2023 [2]. - The loss attributable to equity holders of the parent company was approximately RMB 3,673,000 for the six months ended June 30, 2024, a decrease in loss of about 41.21% from RMB 6,248,000 in the same period of 2023 [2]. - The gross profit for the six months ended June 30, 2024, was RMB 8,083,000, compared to RMB 4,702,000 for the same period in 2023, indicating a significant improvement in profitability [3]. - The pre-tax loss for the six months ended June 30, 2024, was RMB 3,673,000, compared to a pre-tax loss of RMB 6,248,000 for the same period in 2023 [3]. - The net loss for the six months ended June 30, 2024, was RMB 3,673 thousand, a decrease from a net loss of RMB 6,248 thousand for the same period in 2023, representing a 41.1% improvement [12]. - Gross profit for the same period was RMB 8,083,000, representing an increase of approximately 71.91% from RMB 4,702,000 in 2023 [22]. Dividends and Share Performance - The company announced no interim dividend for the six months ended June 30, 2024, consistent with the previous year [2]. - The average number of shares outstanding for the six months ended June 30, 2024, was 480,000,000, the same as in 2023, resulting in a basic loss per share of RMB 0.00766 [17]. Assets and Liabilities - The total assets less current liabilities amounted to RMB 15,297,000 as of June 30, 2024, compared to RMB 18,768,000 as of December 31, 2023 [6]. - The group’s total assets as of June 30, 2024, were approximately RMB 19,176,000, down from RMB 24,827,000 as of December 31, 2023 [24]. - The group’s current liabilities were approximately RMB 17,038,000 as of June 30, 2024, compared to RMB 20,307,000 as of December 31, 2023 [24]. - The group’s debt ratio as of June 30, 2024, was approximately 53.16%, an increase from 49.92% as of December 31, 2023 [24]. Cash Flow - The company’s cash and cash equivalents were reported at RMB 9,983,000 as of June 30, 2024 [4]. - Cash and cash equivalents decreased to RMB 9,983 thousand as of June 30, 2024, down from RMB 17,219 thousand at the beginning of the period [9]. - The cash used in operating activities for the six months ended June 30, 2024, was RMB (7,886) thousand, compared to RMB (8,181) thousand for the same period in 2023 [9]. Operating Expenses - The group’s operating expenses included research and development expenses of RMB 7,876,000 for the six months ended June 30, 2024 [3]. - Employee costs, including directors' remuneration, totaled RMB 10,479 thousand for the six months ended June 30, 2024, slightly down from RMB 10,896 thousand in the same period last year [13]. - Employee compensation for the six months ending June 30, 2024, was approximately RMB 10,479,000, a decrease from RMB 10,896,000 in the same period of 2023 [27]. Business Outlook - The company has not provided specific guidance for future performance or new product developments during the conference call [2]. - The company plans to continue expanding its business application solutions and electronic product sales in the Chinese market [9]. - The company has not reported any significant new product launches or technological developments during this period [9]. - There are no significant future investment or capital asset plans as of June 30, 2024 [32]. Corporate Governance - The company has complied with GEM Listing Rules regarding board procedures during the six months ending June 30, 2024 [40]. - The company has adopted a corporate governance policy in line with GEM Listing Rules, with all code provisions complied except for specific deviations noted [44]. Management Changes - Zhang Xiaobo was appointed as CEO effective August 30, 2024, bringing over 25 years of engineering experience to the role [46]. - Cao Zhen resigned as an executive director effective August 30, 2024, with no disagreements with the board [48]. - Lu Taiyi has been nominated as an executive director candidate, with a term of three years starting from the annual general meeting [49]. Shareholder Information - Major shareholders include Shanghai State-owned Assets Supervision and Administration Commission, holding 23.75% of the shares [36]. - As of June 30, 2024, Chen Jianbo holds 24,300,000 shares, representing 5.06% of the company's equity [38]. Other Information - The company has no major contingent liabilities as of June 30, 2024 [33]. - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the six months ending June 30, 2024 [31]. - No securities were purchased, sold, or redeemed by the company or its subsidiaries during the six months ending June 30, 2024 [43]. - No significant events affecting the group occurred after June 30, 2024 [50].
交大慧谷(08205) - 2024 - 中期业绩