Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 88,456 thousand, an increase of 8.9% compared to RMB 81,624 thousand for the same period in 2023[9]. - Gross profit for the same period was RMB 37,208 thousand, reflecting a gross margin of 42.1%[9]. - Operating profit increased to RMB 26,251 thousand, up 7.4% from RMB 24,439 thousand in the prior year[9]. - Profit attributable to equity shareholders was RMB 21,588 thousand, compared to RMB 20,495 thousand in the previous year, representing a growth of 5.3%[9]. - Basic and diluted earnings per share remained stable at RMB 0.20 for both periods[9]. - The company reported a pre-tax profit of RMB 26,102 thousand, an increase from RMB 24,311 thousand in the same period last year[9]. - Total comprehensive income for the period was RMB 21,258 thousand, compared to RMB 19,747 thousand in the prior year, indicating a growth of 7.6%[9]. - Adjusted operating profit for the six months ended June 30, 2024, was RMB 22.4 million, a 23.1% increase from RMB 18.2 million for the same period in 2023[96]. - Net profit increased from approximately RMB 19.7 million for the six months ended June 30, 2023, to approximately RMB 21.3 million for the same period in 2024, maintaining a net profit margin of 24.1%[105]. Assets and Liabilities - As of June 30, 2024, total assets amounted to RMB 385,077 thousand, an increase from RMB 363,219 thousand as of December 31, 2023, representing a growth of approximately 6.1%[10]. - The company's net current assets increased to RMB 242,339 thousand from RMB 222,554 thousand, reflecting a growth of about 8.9%[10]. - The total equity attributable to shareholders rose to RMB 386,798 thousand, up from RMB 365,210 thousand, indicating an increase of approximately 5.5%[11]. - The company’s total liabilities increased to RMB 50,633 thousand from RMB 26,733 thousand, reflecting a growth of approximately 89.5%[10]. - Accounts payable and other payables surged to RMB 41,004 thousand, compared to RMB 17,689 thousand, marking an increase of approximately 131.5%[10]. - Total accounts receivable as of June 30, 2024, was RMB 30,551,000, a slight decrease from RMB 30,897,000 as of December 31, 2023, reflecting a reduction of approximately 1.12%[52]. - The net amount of accounts receivable as of June 30, 2024, was RMB 30,472,000, down from RMB 30,806,000 as of December 31, 2023, indicating a decrease of about 1.08%[52]. Cash Flow - Operating cash inflow for the six months ended June 30, 2024, was RMB 25,044 thousand, an increase of 24.5% from RMB 20,149 thousand in the same period of 2023[16]. - Net cash generated from operating activities reached RMB 19,306 thousand, up 54.1% compared to RMB 12,512 thousand in the prior year[16]. - Cash and cash equivalents decreased significantly to RMB 65,598 thousand from RMB 203,638 thousand, a decline of about 67.8%[10]. - Net cash used in investing activities was RMB 150,011 thousand, compared to a net cash inflow of RMB 188,287 thousand in the same period of 2023[16]. - The company reported a net cash outflow from financing activities of RMB 7,335 thousand, contrasting with a net inflow of RMB 21,248 thousand in the previous year[16]. Research and Development - Research and development costs were RMB 4,389 thousand, reflecting the company's commitment to innovation[9]. - Research and development costs for the six months ended June 30, 2024, were RMB 4,385 thousand, slightly higher than RMB 4,216 thousand for the same period in 2023[33]. Employee and Management Costs - Employee costs for the six months ended June 30, 2024, amounted to RMB 14,285 thousand, a decrease from RMB 16,049 thousand for the same period in 2023, representing a reduction of about 11%[37]. - The total remuneration for key management personnel increased from RMB 2,505 thousand to RMB 2,571 thousand, an increase of approximately 2.6%[75]. Shareholder Information - The company issued a total of 35,300,000 H-shares at HKD 7 per share on August 6, 2024, with trading commencing on the Hong Kong Stock Exchange[78]. - The total issued shares of the company as of the listing date is 141,195,600, which includes 105,895,600 domestic shares and 35,300,000 H-shares[139]. - Haier Group holds 64,000,000 shares, representing 60.44% of the company's issued shares and 45.33% of the total shares[144]. - The company has a significant concentration of ownership, with Haier Group and Qingdao Haichuangke Management collectively controlling a majority of the voting rights[147]. Business Strategy and Future Plans - The company plans to continue expanding its insurance agency and IT services, focusing on digital solutions for clients[19]. - The company plans to expand its insurance user coverage and strengthen partnerships with insurance companies, including establishing branches to enhance market presence[89]. - The company aims to enhance its digital capabilities by upgrading core business systems and introducing AI-based tools to improve user efficiency and experience[90]. - Marketing efforts will focus on increasing brand awareness through online advertising on platforms like WeChat, Weibo, and Douyin[92]. - The company intends to pursue prudent investments and acquisitions in the insurance intermediary and fintech sectors to accelerate business development[93]. Corporate Governance - The company has established an audit committee to assist the board in fulfilling its financial reporting and corporate governance responsibilities[128]. - The company operates under the guidelines of the Corporate Governance Code as per the listing rules[151]. - The company has established itself as a limited liability company in China since March 16, 2017[151].
众淼控股(01471) - 2024 - 中期财报