Revenue and Financial Performance - Revenue for the first half of 2024 was approximately RMB 603.2 million, a 5.2% increase compared to RMB 573.4 million in the same period of 2023[3] - Revenue from mainland China increased to RMB 603,208 thousand in the first six months of 2024, up from RMB 573,352 thousand in the same period in 2023, representing a growth of approximately 5.2%[15] - Revenue for the first half of 2024 reached approximately RMB 603.2 million, a 5.2% increase compared to the same period last year[38] - The company's revenue from backend services, including customer service solutions, reached RMB 589,163 thousand in the first six months of 2024, compared to RMB 538,980 thousand in the same period in 2023, showing a growth of approximately 9.3%[16] - Backend service revenue accounted for approximately RMB 589.2 million, representing 97.7% of total revenue[38] - Data center services revenue increased to RMB 11,882 thousand in the first six months of 2024, up from RMB 11,191 thousand in the same period in 2023, reflecting a growth of approximately 6.2%[16] Net Loss and Earnings - The company reported a net loss attributable to owners of approximately RMB 52.1 million for the first half of 2024, compared to a profit of RMB 11.5 million in the same period of 2023[3] - Basic and diluted loss per share for the first half of 2024 was RMB 0.0109, compared to a profit of RMB 0.0024 in the same period of 2023[3] - The company recorded a pre-tax loss of RMB 58.435 million for the first half of 2024, compared to a pre-tax profit of RMB 7.779 million in the same period of 2023[4] - The company reported a net loss attributable to shareholders of RMB 52.1 million in mid-2024, compared to a net profit of RMB 11.5 million in the same period of 2023[43] - Basic loss per share was RMB 0.0109 in mid-2024, compared to a basic earnings per share of RMB 0.0024 in the same period of 2023[43] - Basic and diluted earnings per share for the six months ended September 30, 2024, were calculated based on a net loss attributable to ordinary equity holders of RMB (52,142) thousand, compared to a profit of RMB 11,525 thousand in the same period last year[24] Assets and Liabilities - Total assets as of September 30, 2024, were approximately RMB 1.2196 billion, a decrease from RMB 1.2783 billion as of March 31, 2024[3] - Net asset value as of September 30, 2024, was approximately RMB 769.9 million, down from RMB 820.7 million as of March 31, 2024[3] - Total assets decreased from RMB 440,522 thousand to RMB 425,911 thousand, a decline of 3.3%[6] - Current assets decreased from RMB 837,763 thousand to RMB 793,640 thousand, a decline of 5.3%[6] - Net current assets decreased from RMB 449,785 thousand to RMB 406,484 thousand, a decline of 9.6%[7] - Total equity decreased from RMB 820,691 thousand to RMB 769,916 thousand, a decline of 6.2%[7] - Total assets decreased to RMB 1.2196 billion as of September 30, 2024, from RMB 1.2783 billion as of March 31, 2024[43] - Net asset value decreased to RMB 769.9 million as of September 30, 2024, from RMB 820.7 million as of March 31, 2024[43] - Cash and bank balances, including pledged bank deposits, increased to RMB 90.1 million as of September 30, 2024, from RMB 86.4 million as of March 31, 2024[44] - Interest-bearing bank and other borrowings increased to RMB 230.9 million as of September 30, 2024, from RMB 198.0 million as of March 31, 2024[44] Expenses and Costs - Gross profit for the first half of 2024 was RMB 8.148 million, a significant decrease from RMB 56.312 million in the same period of 2023[4] - R&D expenses increased to RMB 24.761 million in the first half of 2024, up from RMB 17.465 million in the same period of 2023[4] - Administrative expenses rose to RMB 43.577 million in the first half of 2024, compared to RMB 41.898 million in the same period of 2023[4] - Service costs for the first half of 2024 increased to approximately RMB 595.1 million, primarily due to higher employee costs, subcontracting fees, and rental expenses[41] - Marketing and R&D expenses for the first half of 2024 totaled approximately RMB 28.4 million, up from RMB 21.9 million in the same period last year[41] - Administrative expenses increased to approximately RMB 43.6 million, mainly due to overall higher expenses compared to the same period last year[42] - Financial costs for the first half of 2024 were approximately RMB 9.3 million, including interest on bank loans, lease liabilities, and acquisition-related payments[42] - Financial costs decreased to RMB 9,330 thousand in the first six months of 2024, down from RMB 10,697 thousand in the same period in 2023, a reduction of approximately 12.8%[18] Cash Flow and Financing - Net cash generated from operating activities increased from RMB 22,630 thousand to RMB 52,996 thousand, a growth of 134.2%[9] - Net cash used in investing activities increased from RMB 55,319 thousand to RMB 60,701 thousand, a growth of 9.7%[9] - Net cash generated from financing activities improved from a net outflow of RMB 36,744 thousand to a net inflow of RMB 11,327 thousand[9] - Cash and cash equivalents increased from RMB 86,424 thousand to RMB 90,012 thousand, a growth of 4.2%[9] - The company secured an interest-free, unsecured loan of RMB 20,000 thousand from NINEGO Corporation and RMB 5,000 thousand from FUNGHWA Ltd., both due on August 4, 2025[31] Government Subsidies and Tax Credits - Government subsidies and grants decreased to RMB 10,358 thousand in the first six months of 2024, compared to RMB 19,274 thousand in the same period in 2023, a decline of approximately 46.3%[19] - The company's income tax credit increased to RMB 7,660 thousand in the first six months of 2024, up from RMB 1,891 thousand in the same period in 2023, reflecting a significant increase of approximately 305%[22] - The company recorded an income tax credit of approximately RMB 7.7 million, including deferred tax credits and adjustments for over-provisioning in previous periods[42] Business Operations and Strategy - The company's main business includes investment holding, backend services, marketing and agency services, and data center services[10] - The company expanded its self-operated contact service centers, with 46 centers totaling 18,350 workstations, covering Tier 1-4 cities[40] - The company obtained 1 new invention patent and multiple software copyrights, bringing the total to 4 invention patents and 314 software copyrights[39] - The company plans to focus on enriching service types for high-quality enterprise clients in the internet and financial industries to enhance customer stickiness and expand market share[48] - The company will consider acquisitions or investments in assets with synergistic effects to increase service types, expand high-quality customer base, and improve technological R&D capabilities[49] - The company has expanded its digital marketing services and integrated them with existing internet marketing capabilities, increasing the number of service clients in this sector[53] - The company is deepening the integration of its digital marketing services with new consumer scenarios to enhance service capabilities and build a healthier ecosystem[53] - The company is actively exploring the integration of marketing and backend services, focusing on local life and cross-border e-commerce businesses to achieve brand effectiveness[53] Corporate Governance and Compliance - The interim financial statements are prepared in accordance with Hong Kong Accounting Standards 34 and GEM Listing Rules[11] - No interim dividend was recommended for the first half of 2024, consistent with the same period in 2023[3] - The company applied and complied with all provisions of the Corporate Governance Code as per GEM Listing Rules Appendix C1 during mid-2024[65] - The audit committee reviewed the interim financial statements and confirmed compliance with applicable accounting standards and adequate disclosure[65] - No purchase, sale, or redemption of the company's listed securities occurred during the mid-2024 period[62] - No directors, controlling shareholders, or their close associates had interests in businesses competing with the company during mid-2024[63] - All directors confirmed compliance with the code of conduct for securities transactions during mid-2024[64] Shareholding and Ownership - The company's directors and senior executives hold significant equity stakes, with Mr. Hu Shilong holding 4.45% and 60.00% of the company's shares through controlled entities and voting rights[55][56] - Ms. Zhou Fang holds 2.38% of the company's shares through a controlled entity[55] - Zhong Zhi Xin Zhuo Capital Company Limited holds 50.46% of the company's shares as a beneficial owner[57] - Kang Bang Qi Hui (Hong Kong) Limited holds 9.54% of the company's shares as a beneficial owner[57] - Tian Xi Capital Company Limited, through its controlled entities, holds 60.00% of the company's shares[57] - Gfly Ltd holds 9.16% of the company's shares as a beneficial owner[57] - NINEGO Corporation holds 4.45% of the company's shares, with Ms. Liu Yingying holding a 59.40% interest in NINEGO[58][60] Accounts Receivable and Payable - Accounts receivable as of September 30, 2024, stood at RMB 612,426 thousand, with a provision for impairment of RMB 11,056 thousand, resulting in a net carrying amount of RMB 601,370 thousand[26] - The aging analysis of accounts receivable as of September 30, 2024, showed RMB 189,693 thousand within 0-60 days, RMB 180,226 thousand within 61-120 days, RMB 37,553 thousand within 121-180 days, and RMB 193,898 thousand over 180 days[27] - Accounts payable as of September 30, 2024, totaled RMB 14,851 thousand, with RMB 6,912 thousand within 0-60 days, RMB 3,774 thousand within 61-120 days, RMB 145 thousand within 121-180 days, and RMB 4,020 thousand over 180 days[28] Staff and Employment - The company employed 14,201 staff as of September 30, 2024, an increase from 13,446 as of March 31, 2024[47] - Total staff costs, including directors' remuneration, increased to RMB 424.8 million in mid-2024 from RMB 371.2 million in the same period of 2023[47] Investments and Acquisitions - The company purchased property and equipment worth approximately RMB 29,844 thousand in the six months ended September 30, 2024, up from RMB 20,289 thousand in the same period last year[25] - The fair value of financial assets measured at fair value on a recurring basis as of September 30, 2024, was RMB 3,812 thousand, all classified as Level 3[33] Other Financial Information - The weighted average number of ordinary shares used for calculating basic and diluted earnings per share remained constant at 4,776,020 thousand shares for both 2024 and 2023[23] - The company issued and fully paid ordinary shares with a nominal value of HKD 0.01 each, totaling 4,776,019,590 shares as of September 30, 2024[29]
金慧科技(08295) - 2025 - 中期业绩