同方泰德(01206) - 2025 - 中期业绩

Company Information and Report Overview This section provides the Hong Kong Stock Exchange disclaimer, the company's name and stock code, and basic information regarding the interim results announcement Report Declaration and Company Profile This section includes the Hong Kong Stock Exchange disclaimer, the company name "TECHNOVATOR INTERNATIONAL LIMITED" and its stock code, and basic information about the interim results announcement - The Hong Kong Stock Exchange assumes no responsibility for the content of this announcement, makes no representation, and accepts no liability for any loss[1] - The company name is TECHNOVATOR INTERNATIONAL LIMITED (同方泰德國際科技有限公司), with stock code: 1206[2][3] Interim Results Announcement The Board is pleased to announce the unaudited consolidated interim financial results of the Company and its subsidiaries for the six months ended June 30, 2025, with comparative figures for the corresponding period in 2024, reviewed by the audit committee and external auditor - The announcement covers the unaudited consolidated interim financial results of the Company and its subsidiaries for the six months ended June 30, 2025[4] - The results have been reviewed by the audit committee, comprising solely independent non-executive directors, and by the Company's external auditor[4] Financial Statements This section presents the company's consolidated financial statements, including the statement of profit or loss, comprehensive income, and financial position, reflecting significant improvements in profitability and a stable financial structure Consolidated Statement of Profit or Loss For the six months ended June 30, 2025, the company reported significant revenue growth and a substantial increase in gross profit, leading to a considerable reduction in loss for the period despite increased operating expenses Consolidated Statement of Profit or Loss Key Financial Data (RMB thousands) | Indicator | H1 2025 | H1 2024 | Change | | :--- | :--- | :--- | :--- | | Revenue | 665,473 | 512,572 | 29.8% Increase | | Cost of sales | (544,393) | (456,487) | 19.3% Increase | | Gross profit | 121,080 | 56,085 | 115.9% Increase | | Other income | 10,879 | 13,234 | 17.8% Decrease | | Operating loss | (5,725) | (75,247) | 92.4% Decrease | | Finance costs | (5,029) | (4,042) | 24.4% Increase | | Loss before tax | (10,754) | (79,289) | 86.4% Decrease | | Income tax | 3,091 | 7,380 | 58.1% Decrease | | Loss for the period | (7,663) | (71,909) | 89.3% Decrease | | Basic loss per share (RMB) | (0.0083) | (0.0889) | 90.7% Decrease | | Diluted loss per share (RMB) | (0.0083) | (0.0889) | 90.7% Decrease | Consolidated Statement of Comprehensive Income For the six months ended June 30, 2025, the company's loss for the period was RMB7,663 thousand, resulting in a total comprehensive loss of RMB(7,753) thousand, a significant reduction from the prior year Consolidated Statement of Comprehensive Income Key Data (RMB thousands) | Indicator | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Loss for the period | (7,663) | (71,909) | | Exchange differences on translation of financial statements of overseas subsidiaries | (90) | 82 | | Total comprehensive income for the period | (7,753) | (71,827) | | Total comprehensive income attributable to equity holders of the Company | (6,582) | (69,475) | | Total comprehensive income attributable to non-controlling interests | (1,171) | (2,352) | Consolidated Statement of Financial Position As of June 30, 2025, the company's total assets and liabilities both decreased, while net assets remained stable, indicating a robust overall financial structure despite a slight decline in net current assets Consolidated Statement of Financial Position Key Data (RMB thousands) | Indicator | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Non-current assets | | | | | Property, plant and equipment | 56,732 | 60,709 | (6.5%) | | Intangible assets | 538,377 | 576,200 | (6.6%) | | Financial assets measured at amortized cost | 376,039 | 500,329 | (24.8%) | | Deferred tax assets | 61,189 | 58,496 | 4.6% | | Current assets | | | | | Inventories | 1,365,083 | 1,363,757 | 0.1% | | Contract assets | 937,683 | 987,448 | (5.1%) | | Trade and other receivables | 1,595,172 | 1,687,280 | (5.5%) | | Prepayments | 141,047 | 114,307 | 23.4% | | Bank balances and cash | 101,761 | 344,686 | (70.5%) | | Current liabilities | | | | | Trade and other payables | 2,144,299 | 2,400,263 | (10.7%) | | Contract liabilities | 126,999 | 148,360 | (14.4%) | | Loans and borrowings | 269,438 | 308,982 | (12.8%) | | Lease liabilities | 927 | 921 | 0.7% | | Current tax payable | 26,063 | 28,869 | (9.7%) | | Non-current liabilities | | | | | Deferred tax liabilities | 3,820 | 3,383 | 13.0% | | Deferred income | 6,406 | 6,580 | (2.7%) | | Loans and borrowings | 36,980 | 38,598 | (4.2%) | | Lease liabilities | 57,228 | – | N/A | | Equity | | | | | Net assets | 2,625,213 | 2,632,966 | (0.3%) | | Total equity attributable to equity holders of the Company | 2,607,178 | 2,613,760 | (0.2%) | | Non-controlling interests | 18,035 | 19,206 | (6.1%) | Notes to the Financial Statements This section details the basis of preparation, accounting policies, and specific analyses of revenue, segments, loss before tax, income tax, loss per share, receivables, payables, share capital, and subsequent events Basis of Preparation and Accounting Policies The interim financial report is prepared in accordance with the HKEX Listing Rules and HKAS 34, authorized for issue on August 27, 2025, using consistent accounting policies with the 2024 annual financial statements, without early adoption of new standards - The interim financial report is prepared in accordance with the HKEX Listing Rules and HKAS 34, authorized for issue on August 27, 2025[12] - The report adopts the same accounting policies as the 2024 annual financial statements, without applying any new standards or interpretations not yet effective for the current accounting period[12][16] - KPMG has reviewed the interim financial report in accordance with Hong Kong Standard on Review Engagements 2410[14] Revenue Analysis The Group primarily provides integrated smart energy-saving services for cities, encompassing smart transportation, smart building and park, and smart energy segments, with total customer contract revenue reaching RMB665,473 thousand in H1 2025, a significant increase from the prior year - The Group primarily engages in integrated smart energy-saving services for cities, covering smart transportation, smart building and park, and smart energy segments[17] Customer Contract Revenue by Service Type (RMB thousands) | Service Type | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Smart Transportation Business Revenue | 93,397 | 93,261 | | Smart