Financial Performance - Total revenue for the six months ended June 30, 2024, was RMB 458.3 million, a decrease of 35.3% compared to RMB 708.4 million for the same period in 2023[1]. - The internet advertising business reported revenue of RMB 318.2 million, down from RMB 617.3 million year-over-year[1]. - Revenue for the first half of 2024 was RMB 458,259,000, a decrease of 35.5% compared to RMB 708,393,000 in the first half of 2023[8]. - Gross profit for the first half of 2024 was RMB 61,502,000, down 63.3% from RMB 166,954,000 in the same period last year[8]. - The company reported a net loss of RMB 19,078,000 for the first half of 2024, compared to a profit of RMB 22,084,000 in the first half of 2023[8]. - The adjusted loss for the period was RMB 17.6 million, compared to a profit of RMB 24.0 million in the same period last year[3]. - The company reported a loss attributable to ordinary equity holders of RMB 19,078,000 for the six months ended June 30, 2024, compared to a profit of RMB 22,084,000 for the same period in 2023[30][31]. User Metrics - Daily active users decreased to 15.4 million from 27.6 million, while monthly active users fell to 277.2 million from 447.1 million[5]. - The number of advertising page views dropped to 3,034.1 million from 5,271.8 million year-over-year[5]. - The number of paying customers for the user operation SaaS service increased to 531 as of June 30, 2024, compared to 519 in the first half of 2023[38]. SaaS Platform Performance - The user operation SaaS platform business generated revenue of RMB 117.0 million, up from RMB 84.6 million in the same period last year, with 531 paying customers as of June 30, 2024[4]. - The total value of new contracts signed (including renewals) for the six months was RMB 755 million, significantly higher than RMB 410 million in the same period last year[4]. - Revenue from the SaaS platform business was RMB 116,965 thousand, up 38.3% from RMB 84,583 thousand in the previous year[24]. - The total value of new contracts signed for the user operation SaaS platform reached RMB 75.5 million in the first half of 2024, significantly higher than RMB 41.0 million in the same period of 2023[38]. Cost and Expenses - Cost of goods sold for the six months ended June 30, 2024, was RMB 89,899 thousand, an increase of 93.8% from RMB 46,316 thousand in the previous year[26]. - Research and development expenses were RMB 23,802 thousand, down 27.6% from RMB 32,881 thousand in the same period last year[26]. - Selling and distribution expenses decreased by 39.3% to RMB 41.3 million in H1 2024 from RMB 68.1 million in H1 2023, accounting for approximately 9.0% of total revenue[45]. - Administrative expenses decreased by 23.5% to RMB 52.5 million in H1 2024 from RMB 68.6 million in H1 2023, representing about 11.5% of total revenue[46]. Cash Flow and Assets - Cash flow from operating activities for the first half of 2024 was a net outflow of RMB 374,925,000, compared to a net outflow of RMB 150,766,000 in the first half of 2023[12]. - Current assets totaled RMB 682,714,000 as of June 30, 2024, compared to RMB 1,756,112,000 as of December 31, 2023[10]. - Cash and cash equivalents at the end of June 30, 2024, amounted to RMB 232,033 thousand, up from RMB 191,447 thousand at the end of June 30, 2023, reflecting a year-over-year increase of approximately 21.2%[14]. - The company incurred a significant cash outflow of RMB (402,664) thousand for the purchase of time deposits during the six months ended June 30, 2024, compared to RMB (108,365) thousand in the same period of 2023[13]. Liabilities and Financial Position - The company’s total liabilities increased to RMB 953,406,000 as of June 30, 2024, up from RMB 784,108,000 at the end of 2023[11]. - The company's capital debt ratio increased to approximately 34.5% as of June 30, 2024, from 8.1% as of June 30, 2023, primarily due to an increase in interest-bearing bank loans[50]. - The group reported a decline in revenue and gross profit in its internet advertising business for the six months ended June 30, 2024, due to cautious spending by advertising clients[61]. Corporate Governance and Compliance - The company has adhered to all applicable corporate governance code provisions for the six months ending June 30, 2024[64]. - The board of directors has confirmed compliance with the securities trading standards for the six months ending June 30, 2024[65]. - The audit committee reviewed the unaudited interim results for the six months ending June 30, 2024[67].
兑吧(01753) - 2024 - 中期业绩