Financial Performance - Revenue for the six months ended December 31, 2024, was RMB 142,095,000, representing a 23.1% increase from RMB 115,360,000 in the same period of 2023[4] - Gross profit decreased to RMB 39,091,000, down 15.3% from RMB 46,185,000 year-on-year[4] - The net loss for the period was RMB 10,293,000, compared to a net loss of RMB 6,991,000 in the previous year, indicating a 47.5% increase in losses[4] - Basic and diluted loss per share was RMB 0.76, compared to RMB 0.53 in the same period last year[6] - The company reported a total comprehensive loss of RMB 6,991,000 for the six months ended December 31, 2023, compared to a loss of RMB 4,998,000 during the same period last year[12] - The company recognized a loss of RMB 10,293,000 for the six months ended December 31, 2024, compared to a loss of RMB 6,991,000 in the same period of 2023[26] - The company reported a pre-tax loss of RMB 7,912,000 for the six months ended December 31, 2024, compared to a loss of RMB 4,998,000 for the same period in 2023, representing a 58.4% increase in losses[35] Assets and Liabilities - Total assets decreased to RMB 146,158,000 from RMB 159,383,000, a decline of 8.2%[7] - Total equity decreased to RMB 67,482,000 from RMB 77,932,000, a decline of 13.4%[9] - Total assets as of December 31, 2024, were RMB 172,606,000, a decrease from RMB 186,263,000 as of June 30, 2024[29] - Total liabilities decreased to RMB 105,124,000 as of December 31, 2024, from RMB 108,331,000 as of June 30, 2024[29] - The company’s total liabilities decreased to RMB 34,817,000 as of December 31, 2023, from RMB 29,979,000 as of July 1, 2023[12] - The company’s goodwill increased slightly to RMB 902,000 as of December 31, 2024, from RMB 901,000 at the beginning of the year[40] Cash Flow and Financing - Cash and cash equivalents increased to RMB 49,921,000 from RMB 44,053,000, reflecting an increase of 13.1%[7] - Cash generated from operating activities for the six months ended December 31, 2024, was RMB 14,663,000, an increase from RMB 14,148,000 in the previous year[16] - The financing activities net cash outflow for the six months ended December 31, 2024, was RMB 8,622,000, a decrease from RMB 13,124,000 in the previous year[18] - The company issued new shares during the period, raising RMB 26,672,000, which was not repeated in the current reporting period[18] - The company has secured bank loans with collateral totaling RMB 30,039,000 as of December 31, 2024, compared to RMB 22,965,000 as of June 30, 2024[56] Operational Highlights - The company plans to focus on market expansion and new product development in the upcoming periods[4] - Revenue from e-commerce operations reached RMB 104,473,000, up from RMB 74,322,000 in the previous year, indicating a significant increase of about 40%[26] - The company is focused on expanding its brand e-commerce operation services in China, which includes digital marketing and online retail services[66] - The company plans to expand its e-commerce operation services into Southeast Asia, having established a service team in Malaysia to support local offline merchants in transitioning to online operations[69] - The company is continuously optimizing its e-commerce operation services, focusing on small home appliances and expanding its brand portfolio with well-known brands such as Philips and ASUS[68] Employee and Administrative Costs - Total employee costs, including directors' remuneration, amounted to RMB 21,144,000, down 23.5% from RMB 27,624,000 in the previous year[33] - Selling and administrative expenses increased by approximately RMB 3.4 million or 12.3% to approximately RMB 31.1 million, mainly due to administrative cost increases related to the expansion of the EC segment in China[79] - Salary expenses decreased by approximately RMB 2.7 million or 14.3% to approximately RMB 16.1 million, primarily due to reduced operational and administrative salary expenses in the NSC segment in China[80] Stock Options and Shareholder Information - As of December 31, 2024, a total of 53,100,000 stock options remain unexercised under the stock option plan[115] - The stock options granted to directors, employees, and external consultants include 8,000,000 options each for two directors, Mr. Yuan and Mr. Han, with an exercise price of HKD 0.5[115] - The total number of stock options granted to employees amounts to 35,500,000, after accounting for 200,000 options that have lapsed due to employee departures[116] - The stock option plan allows for a maximum of 80,000,000 shares to be issued, which is capped at 10% of the total issued shares as of January 16, 2018[118] - The company recognized share-based payment expenses of approximately RMB 3,331,000 related to the stock option plan during the period[132] Governance and Compliance - The company has complied with the corporate governance code since its listing on the GEM on January 16, 2018[136] - The audit committee, consisting of three independent non-executive directors, reviewed the interim results and confirmed compliance with applicable accounting standards[137] - The report will be published on the Hong Kong Stock Exchange website for at least seven days starting from the report date[138]
ISP GLOBAL(08487) - 2025 - 中期财报