Financial Performance - For the six months ended June 30, 2025, the company's revenue was approximately RMB 42.3 million, an increase of about RMB 0.2 million or 0.6% compared to RMB 42.1 million for the same period in 2024[14] - The net loss attributable to shareholders for the same period was approximately RMB 33.4 million, compared to RMB 38.5 million in 2024, representing an improvement in loss[7] - The gross profit margin improved to 50% in 2025 from 42.4% in 2024, indicating better cost management and operational efficiency[7] - Revenue from the overall Application Performance Management (APM) system solutions increased by approximately 20.2% to RMB 19.5 million for the six months ended June 30, 2025, compared to RMB 16.2 million in 2024[15] - The gross profit for the same period was RMB 21,150,000, representing a 18.14% increase from RMB 17,851,000 in 2024[61] - The company incurred a loss before tax of RMB 33,377,000, which is an improvement of 14.18% compared to a loss of RMB 39,009,000 in the previous year[61] - The net loss for the period was RMB 33,382,000, compared to a net loss of RMB 39,033,000 in 2024, indicating a 14.43% reduction in losses[61] - The group reported a pre-tax loss from continuing operations of RMB 33,382,000 for the six months ended June 30, 2025, compared to a loss of RMB 38,545,000 for the same period in 2024, representing a decrease of approximately 5.6%[88] - The basic and diluted loss per share for the period was RMB 4.36, an improvement from RMB 5.06 in the previous year, indicating a reduction in loss per share by approximately 13.8%[88] Assets and Liabilities - The total assets as of June 30, 2025, were RMB 216.7 million, up from RMB 208.8 million as of December 31, 2024[7] - Cash and cash equivalents increased to RMB 81.1 million as of June 30, 2025, compared to RMB 77.3 million at the end of 2024[7] - The total assets less current liabilities amounted to RMB 169,695,000 as of June 30, 2025, compared to RMB 167,689,000 at the end of 2024[64] - The company's cash and cash equivalents increased to RMB 81,117,000 from RMB 77,321,000 at the end of 2024, reflecting a growth of 4.63%[63] - The total non-current assets increased to RMB 21,178,000 from RMB 16,698,000, marking a significant growth of 27.56%[63] - The company’s net assets as of June 30, 2025, were RMB 167,136,000, up from RMB 164,552,000 at the end of 2024, showing an increase of 1.59%[64] - The total financial liabilities measured at amortized cost increased to RMB 33,701,000 as of June 30, 2025, compared to RMB 29,923,000 as of December 31, 2024, indicating a rise of 12.9%[102] Expenses and Cost Management - Selling and distribution expenses decreased by approximately 16.9% from RMB 12.7 million for the six months ending June 30, 2024, to RMB 10.6 million for the six months ending June 30, 2025[21] - Research and development expenses decreased by approximately 3.5% from RMB 20.6 million for the six months ending June 30, 2024, to RMB 19.9 million for the six months ending June 30, 2025[22] - Administrative expenses decreased by approximately 10.4% from RMB 27.6 million for the six months ending June 30, 2024, to RMB 24.8 million for the six months ending June 30, 2025[23] - The total compensation for directors and the CEO for the six months ended June 30, 2025, was RMB 1,460,000, down 29.8% from RMB 2,084,000 for the same period in 2024[100] Capital and Investments - The company raised approximately HKD 39.0 million (equivalent to about RMB 36.0 million) from the placement of 10,000,000 shares at HKD 3.95 per share, with plans to allocate approximately RMB 30.5 million for investment and upgrading of digital technologies[31] - Capital expenditures for the six months ended June 30, 2025, were approximately RMB 0.5 million, a decrease from RMB 1.6 million for the same period in 2024[32] - The company had no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the six months ended June 30, 2025[36] Shareholder Information - The board did not recommend the payment of an interim dividend for the six months ended June 30, 2025[34] - The company confirmed that at least 25% of its issued share capital was held by the public as of the reporting date[41] - As of June 30, 2025, the company has issued 772,000,000 shares, with International Business Digital Technology Group Limited holding 479,110,000 shares, equating to a 62.06% ownership stake[46] - The total issued and paid-up shares increased to 772,000,000 as of June 30, 2025, from 762,000,000 as of December 31, 2024, reflecting a 1.3% increase[99] Operational Developments - The company plans to expand its Central Bank Digital Currency (CBDC) products and services to multiple countries, aiming to enhance digital financial services for local users[9] - The company is focusing on AI-driven solutions for network operations, enhancing performance and user experience across various sectors[13] - The company is actively engaging with local financial institutions to convert discussions into revenue-generating opportunities in the CBDC space[11] - The company plans to leverage cutting-edge digital technologies to enter new business markets related to the CBDC network system[71] Miscellaneous - The audit committee, established on November 21, 2016, includes independent non-executive directors and is chaired by Mr. Yang Min, who possesses the necessary professional qualifications[56] - The company has adopted the standard code for securities trading by directors and confirmed compliance for the six months ending June 30, 2025[53][54] - There were no significant events after June 30, 2025, that would impact the company's operational and financial performance[104] - The financial statements were approved and authorized for publication by the board of directors on August 22, 2025[105]
国际商业数字技术(01782) - 2025 - 中期财报