Financial Performance - Revenue for the six months ended December 31, 2024, was RMB 301,750,000, representing a 53.5% increase from RMB 196,547,000 in the same period of 2023[3] - Gross profit for the same period was RMB 54,994,000, up from RMB 42,085,000, indicating a gross margin improvement[3] - The loss before tax decreased to RMB 22,612,000 from RMB 28,395,000, showing a reduction in losses by 20.5%[3] - The net loss for the period was RMB 24,661,000, compared to RMB 28,142,000 in the previous year, reflecting a 12.5% improvement[3] - Basic loss per share improved to RMB 0.37 from RMB 0.39, indicating a slight recovery in performance[6] - The company reported a loss attributable to shareholders of RMB 25,291,000 for the six months ended December 31, 2024, compared to a loss of RMB 26,480,000 for the same period in 2023, indicating a slight improvement in performance[33] Assets and Liabilities - Non-current assets decreased to RMB 224,615,000 from RMB 244,445,000, primarily due to reductions in property, plant, and equipment[8] - Current assets decreased significantly from RMB 222,700,000 to RMB 159,709,000, largely due to a drop in trade and other receivables[8] - Total equity attributable to owners of the company decreased to RMB 193,178,000 from RMB 215,643,000, reflecting a decline in retained earnings[9] - The total assets of the group as of December 31, 2024, were RMB 384,324,000, down from RMB 467,145,000 as of June 30, 2023[23] - The total liabilities of the group as of December 31, 2024, were RMB 192,477,000, a decrease from RMB 253,463,000 as of June 30, 2023[23] Revenue Breakdown - Revenue from financial services reached RMB 215,121,000 for the six months ended December 31, 2024, compared to RMB 111,671,000 for the same period in 2023, indicating a significant increase of about 92.6%[19] - Revenue from financial services was approximately RMB 215,121,000, accounting for about 71.3% of total revenue, while education services contributed approximately RMB 86,629,000, representing about 28.7%[60] - The increase in financial services revenue was primarily due to the expansion of insurance brokerage services into more cities in China[61] Training and Education Services - The company continues to focus on expanding its online training and financial services, with ongoing investments in technology and market development[11] - The group reported external sales from education consulting and online training services amounted to RMB 86,629,000 for the six months ended December 31, 2024, compared to RMB 84,876,000 for the same period in 2023[21] - The company provides online and offline training services to over 90 million professional technicians in China, with more than 8 million paying users currently[44] - The online training platform has served over 60 million training sessions in the past few years, covering 20 provinces and over 150 cities in China[44] - The company aims to deepen its presence in the continuing education market and expand into new vocational education sectors, establishing a dual-track development model of "education + financial services"[43] Financial Services Expansion - The company is actively expanding its financial services, including group medical insurance and employee benefits plans, to leverage synergies between its subsidiaries[57] - Beijing Zhongjin Insurance Brokerage has established branches in nearly 10 provinces and cities, significantly increasing its revenue during the reporting period[50] - The asset management scale of the subsidiary, Rui Lian Financial Group, is approximately HKD 1.5 billion, managing multiple fund projects[51] - The company is actively developing its financial services, particularly in virtual asset management, with a target to manage over HKD 5 billion in assets[60] Shareholder Information - A total of 470,000,000 shares were successfully placed at a price of HKD 0.102 per share, raising approximately HKD 47,790,000 after deducting related expenses[74][76] - The convertible bonds with a principal amount of HKD 40,000,000 were fully converted into 320,000,000 new shares as of September 15, 2021[74] - The company has granted 100,000,000 share options under the share option plan, which represents approximately 1.48% of the total issued shares as of December 31, 2024[77] - As of December 31, 2024, the beneficial ownership of the directors includes 629,544,000 shares held by Mr. Lu, representing 21.02% of the total issued share capital[81] - Mr. Gao holds 38,888,000 shares, which accounts for 9.53% of the total issued share capital[81] Governance and Compliance - The company has adopted the corporate governance code and believes it has complied with the relevant provisions during the reporting period[88] - The audit committee consists of three independent non-executive directors: Mr. Leung Siu-ki, Mr. Wu Ya-lin, and Ms. Wang Shuqing[101] - The audit committee reviewed the unaudited condensed consolidated financial results for the reporting period and found the preparation method to comply with applicable accounting standards and requirements[101] Other Financial Metrics - The service costs for the reporting period were approximately RMB 246,756,000, a substantial increase of about 59.8% compared to RMB 154,462,000 for the same period last year[61] - The gross profit margin decreased to approximately 18.2% from 21.4% in the same period last year, mainly due to the lower margin of financial services compared to education services[61] - As of December 31, 2024, the company's bank balance and cash were approximately RMB 99,712,000, with total borrowings of about RMB 14,358,000[65] - The debt-to-asset ratio was approximately 50.1%, a decrease from 54.3% as of June 30, 2024[66] - The company has 438 employees as of December 31, 2024, with total employee costs of approximately RMB 25,094,000 during the reporting period[72]
创联控股(02371) - 2024 - 中期业绩