Financial Performance - The group recorded a revenue of approximately RMB 35,559,000 for the six months ending June 30, 2025, representing an increase of about 51.94% compared to RMB 23,404,000 for the same period in 2024[2] - The loss attributable to equity holders of the parent company for the six months ending June 30, 2025, was approximately RMB 7,473,000, an increase in loss of about 103.46% compared to a loss of RMB 3,673,000 for the same period in 2024[2] - The gross profit for the six months ending June 30, 2025, was RMB 5,844,000, down from RMB 8,083,000 in the same period of 2024, indicating a decline in gross profit margin[3] - The company reported a pre-tax loss of RMB 7,473,000 for the six months ending June 30, 2025, compared to a pre-tax loss of RMB 3,673,000 for the same period in 2024[3] - The company reported a pre-tax loss of RMB 6,276,000 for the six months ended June 30, 2025, compared to a loss of RMB 3,833,000 for the same period in 2024, indicating a deterioration in performance[15] - Basic loss per share for the six months ended June 30, 2025, was RMB 7,473,000, compared to RMB 3,673,000 for the same period in 2024, showing an increase in losses[21] Operating Expenses - The total operating expenses for the six months ending June 30, 2025, were RMB 12,408,000, compared to RMB 11,093,000 for the same period in 2024, reflecting an increase in operational costs[3] - Employee costs, including directors' remuneration, totaled RMB 10,492,000 for the six months ended June 30, 2025, slightly up from RMB 10,479,000 in 2024[17] - Administrative expenses were approximately RMB 7,802,000, a decrease of approximately RMB 74,000 compared to the previous year[27] Cash Flow and Assets - Cash and cash equivalents decreased to RMB 11,091,000 as of June 30, 2025, down from RMB 22,060,000 at the beginning of the year[8] - The net cash used in operating activities for the six months ending June 30, 2025, was RMB (10,969,000), compared to RMB (7,886,000) for the same period in 2024, indicating increased cash outflow[8] - The total assets less current liabilities amounted to RMB 8,515,000 as of June 30, 2025, down from RMB 15,988,000 at the end of 2024, reflecting a decrease in net asset position[5] - As of June 30, 2025, the group's total assets were approximately RMB 42,860,048.03, with current assets of approximately RMB 31,585,000[28] Revenue Breakdown - Revenue from commercial application solutions and software development for the six months ended June 30, 2025, was RMB 31,031,000, up from RMB 18,438,000 in 2024, reflecting a growth of 68.0%[15] - Revenue from commercial application solutions and software sales was approximately RMB 22,078,000, an increase of approximately RMB 6,235,000 or 39.35% from RMB 15,843,000 in the previous year[27] - Sales of network installation and maintenance services for data security products increased by approximately 245.01%, from RMB 2,595,000 to RMB 8,953,000[27] Shareholder Information - As of June 30, 2025, the major shareholder Shanghai State-owned Assets Supervision and Administration Commission holds approximately 114,000,000 shares, representing 23.75% of the company's equity[44] - Shanghai Jiao Tong University Industry Investment Management (Group) Co., Ltd. also holds 114,000,000 shares, equivalent to 23.75% of the company's equity[44] - Shanghai Xuhui (Group) Co., Ltd. and Xuhui District Industrial Association each hold 60,000,000 shares, accounting for 12.50% of the company's equity[44] - As of June 30, 2025, Chen Jianbo holds 24,300,000 shares, representing 5.06% of the company's equity[45] Corporate Governance - The company has complied with the GEM Listing Rules and corporate governance codes throughout the reporting period, with no significant deviations noted[52] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited results for the six months ending June 30, 2025[50] - The company has adopted a code of conduct for securities trading by directors and supervisors, ensuring compliance with the relevant regulations[49] - The roles of the chairman and CEO are clearly defined, with Zhang Xiaobo serving as both since August 30, 2024, to provide strong and consistent leadership[53] Other Information - The company announced that it would not declare an interim dividend for the six months ending June 30, 2025, consistent with the previous year[2] - The company did not declare an interim dividend for the six months ended June 30, 2025, consistent with the previous year[20] - The total accounts receivable as of June 30, 2025, was RMB 11,123,000, compared to RMB 11,603,000 as of December 31, 2024, indicating a slight decrease[22] - Accounts payable as of June 30, 2025, amounted to RMB 26,241,000, an increase from RMB 22,724,000 as of December 31, 2024, reflecting a rise in liabilities[23] - The company has not issued any share options during the reporting period[24] - All business operations are conducted in China, with no regional segment reporting provided[16] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the six months ended June 30, 2025[37] - The company has not purchased, sold, or redeemed any of its listed securities during the six-month period ending June 30, 2025[51] - No significant events affecting the group occurred after June 30, 2025[54]
交大慧谷(08205) - 2025 - 中期业绩