国际商业数字技术(01782) - 2025 - 中期业绩

Interim Results Announcement Basic Company Information International Business Digital Technology Limited (Stock Code: 1782) announced its unaudited interim results for the six months ended June 30, 2025, on August 22, 2025, with the report reviewed by the audit committee and management, complying with accounting standards and listing rules - Company Name: International Business Digital Technology Limited[2] - Stock Code: 1782[2] - Reporting Period: Six months ended June 30, 2025[2] - Report Nature: Unaudited Interim Condensed Consolidated Financial Statements[2] - Review Status: Reviewed by the company's audit committee and management, complying with applicable accounting standards and listing rules[3] Corporate Information Board of Directors and Committees The company's board comprises executive, non-executive, and independent non-executive directors, supported by audit, remuneration, and nomination committees to ensure robust corporate governance - Executive Director: Mr. Shi Zhimin (Chief Executive Officer and Chairman)[9] - Non-Executive Director: Mr. Guan Haiqing[9] - Independent Non-Executive Directors: Mr. Yang Min (Audit Committee Chairman), Mr. Hu Jianjun (Remuneration Committee Chairman), Ms. Ru Tingting (Nomination Committee Chairman)[9] Principal Offices and Advisors The company maintains a registered office in the Cayman Islands, principal places of business in Mainland China and Hong Kong, with Ernst & Young as independent auditor and Li & Partners as legal advisor - Independent Auditor: Ernst & Young[9] - Registered Office: Cayman Islands[9] - Principal Place of Business in Mainland China: Haidian District, Beijing[10] - Principal Place of Business in Hong Kong: Queen's Road East, Wanchai, Hong Kong[10] - Legal Advisor: Li & Partners[10] - Principal Bankers: Industrial and Commercial Bank of China, China Merchants Bank (Mainland China), Standard Chartered Bank, CITIC Bank International (Hong Kong)[10] Financial Highlights Key Financial Indicators For the six months ended June 30, 2025, the company reported slight revenue growth, narrowed losses, and a significant increase in gross profit margin, while current and debt-to-equity ratios saw minor changes Financial Summary for the Six Months Ended June 30 | Indicator | 2025 (RMB thousands) | 2024 (RMB thousands) | | :--- | :--- | :--- | | Revenue | 42,337 | 42,101 | | Loss for the Period | (33,382) | (39,033) | | Net Loss Attributable to Owners of the Parent | (33,382) | (38,545) | | Loss Per Share (RMB cents) | (4.36) | (5.06) | | Gross Profit Margin | 50% | 42.4% | | Net Loss Margin | -78.8% | -92.7% | Financial Position Summary as of June 30 | Indicator | June 30, 2025 (RMB thousands) | December 31, 2024 (RMB thousands) | | :--- | :--- | :--- | | Cash and Cash Equivalents | 81,117 | 77,321 | | Total Assets | 216,717 | 208,808 | | Total Liabilities | 49,581 | 44,256 | | Total Equity | 167,136 | 164,552 | | Current Ratio | 4.2 | 4.7 | | Quick Ratio | 3.9 | 4.4 | | Debt-to-Equity Ratio | 6.0% | 6.1% | Management Discussion and Analysis Business Review and Outlook As a pioneer in China's digital technology, the Group is actively developing new Central Bank Digital Currency (CBDC) network system business, while continuing to provide Application Performance Management (APM) products and solutions to telecom operators and large enterprises, integrating AI into APM for intelligent O&M and vertical industry applications - The Group is a pioneer in China's digital technology sector, possessing core digital and information technologies with extensive experience in software development[14] - Management Strategy: Building upon existing businesses, exploring broader development opportunities by leveraging technological advantages[14] - Two Major Business Segments: 1) Developing new Central Bank Digital Currency (CBDC) network system business; 2) Providing Application Performance Management (APM) products and service solutions to Chinese telecom operators and large enterprises[14] - CBDC Business: Providing integrated systems including software development, technical services, and hardware sales, with plans for global expansion and ongoing discussions with various national treasuries, central banks, and commercial banks for cooperation[14][16] - APM Business: Includes overall APM system solutions, software development services, technical services, embedded hardware, and standard APM software sales[15] - 2025 APM Development Focus: Concentrating on AI+Network Intelligence (AIOps) to empower operators, achieving fault prediction and network optimization; actively promoting AI integration with vertical industries such as smart video, smart energy, smart transportation, and intelligent manufacturing[17][18] Financial Review Current period revenue slightly increased by 0.6% to RMB42.3 million, primarily driven by growth in overall APM system solutions, despite a decline in software development and technical services revenue. Gross profit margin significantly improved to 50.0%, and net loss narrowed to RMB33.4 million, mainly due to cost control and efficiency improvements, though other income and gains decreased due to reduced exchange gains, interest, and government grants Revenue Changes (Six Months Ended June 30) | Revenue Category | 2025 (RMB millions) | 2024 (RMB millions) | Change (RMB millions) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Overall APM System Solutions | 19.5 | 16.2 | +3.3 | +20.2% | | Software Development Services | 18.4 | 19.9 | -1.5 | -7.3% | | Technical Services | 4.1 | 5.8 | -1.7 | -29.2% | | Sales of Embedded Hardware and Standard APM Software | 0.3 | 0.2 | +0.1 | +53.0% | | Total Revenue | 42.3 | 42.1 | +0.2 | +0.6% | Gross Profit and Gross Profit Margin Changes (Six Months Ended June 30) | Indicator | 2025 (RMB millions) | 2024 (RMB millions) | Change Rate | | :--- | :--- | :--- | :--- | | Gross Profit | 21.2 | 17.9 | +18.5% | | Gross Profit Margin | 50.0% | 42.4% | +7.6 percentage points | - The increase in gross profit margin reflects cost reduction achievements from shortening project cycles and accelerating project delivery[24] Other Income and Gains Changes (Six Months Ended June 30) | Indicator | 2025 (RMB millions) | 2024 (RMB millions) | Change | | :--- | :--- | :--- | :--- | | Total Other Income and Gains | 0.9 | 4.3 | Decrease | | Net Exchange (Loss)/Gain | (0.4) | 0.5 | Turned from gain to loss |