Financial Performance - The company achieved revenue of RMB 970 million, an increase of 7.6% compared to RMB 901 million in the same period last year[7]. - Gross profit was RMB 757 million, up 6.2% from RMB 713 million year-on-year, with a gross margin of 78.1%, down 1 percentage point from the previous year[7]. - The company reported a net loss of RMB 1.255 billion, compared to a net profit of RMB 20 million in the same period last year[7]. - Adjusted net profit (non-IFRS measure) was RMB 282 million, an increase of 5.8% from RMB 266 million year-on-year[7]. - Revenue increased from RMB 901.1 million for the six months ended June 30, 2024, to RMB 970.0 million for the six months ended June 30, 2025, representing a growth of 7.6%[22]. - Mobile advertising service revenue rose by RMB 5.7 million, while data technology service revenue increased by RMB 1.2 million, contributing to overall revenue growth[22]. - The company reported a net loss of RMB 125,505,000 for the first half of 2025, compared to a profit of RMB 226,000 in the same period of 2024[102]. - Total comprehensive loss for the period reached RMB 132,303,000, significantly higher than the RMB 2,532,000 loss reported in the previous year[102]. User Growth - The number of cumulative users increased to 315 million, a growth of 5.6% from 298.4 million at the end of 2024[10]. - The average monthly active users grew to 30.2 million, a 5% increase compared to the same period in 2024[10]. Revenue Breakdown - Revenue from mobile advertising services reached RMB 942 million, a year-on-year increase of 6.4%[14]. - Data technology services revenue was RMB 28 million, a significant increase of 74.1% compared to the same period in 2024[15]. - Mobile advertising services contributed RMB 94,158 thousand to revenue, up from RMB 88,496 thousand, reflecting a growth of 6.8% year-over-year[125]. - Data technology services revenue increased significantly to RMB 2,815 thousand from RMB 1,617 thousand, representing a growth of 74.1%[125]. Expenses and Costs - Sales cost increased by RMB 2.5 million or 13.06%, with the sales cost as a percentage of revenue rising from 20.9% to 22.0%[23]. - R&D expenses rose from RMB 186.0 million to RMB 216.0 million, primarily due to hiring additional R&D personnel and increased stock incentive costs[29]. - Other income decreased by RMB 0.3 million or 11.7%, primarily due to a decline in investment income and fair value gains on financial investments[30]. Cash Flow and Liquidity - The company reported a net cash inflow from operating activities of RMB 0.8 million for the six months ended June 30, 2025, primarily due to a pre-tax loss of RMB 123.6 million, largely from non-cash items[36]. - Cash and cash equivalents increased to RMB 246.5 million as of June 30, 2025, representing a significant growth of 337.8% compared to RMB 56.3 million at the end of 2024[38]. - The company incurred a net cash outflow from investing activities of RMB 16.9 million, mainly due to the purchase of financial investments valued at RMB 137.0 million[37]. - The financing activities generated a net cash inflow of RMB 207,663,000 in the first half of 2025, compared to a net cash outflow of RMB (14,389,000) in the same period of 2024[112]. Financial Position - As of June 30, 2025, the group's net current assets amounted to RMB 283.9 million, while the net current liabilities were RMB 379.7 million, resulting in a current ratio of 4.7 compared to 0.3 on December 31, 2024[45]. - The company's equity increased to RMB 346,936,000 as of June 30, 2025, recovering from a deficit of RMB 312,092,000 at the end of 2024[106]. - The total accounts payable as of June 30, 2025, was RMB 5,030 thousand, a decrease from RMB 7,864 thousand at the end of 2024[139]. Shareholder Information - As of June 30, 2025, Dr. Sun Xi holds 32,629,326 shares, representing approximately 21.15% of the total equity, including various forms of ownership[64]. - Ms. Qian Jinlei owns 13,129,743 shares, accounting for approximately 8.51% of the total equity[67]. - The company raised approximately RMB 221,836,000 from the issuance of 24,856,000 ordinary shares at HKD 9.75 per share during the IPO on June 10, 2025[140]. Corporate Governance and Compliance - The company adopted the Corporate Governance Code after listing on June 10, 2025, and has complied with applicable provisions[83]. - The board consists of 4 executive directors and 3 independent non-executive directors, with no changes in director information since the listing date[63]. Future Plans and Investments - The company plans to expand its overseas market presence by adapting to local user travel habits and optimizing product experience through a "technology output + localized operation" model[19]. - The company plans to recruit approximately 10 experts in time series model training and optimization, allocating HKD 16 million for this purpose by 2027[90]. - The company intends to lease computing resources based on graphical processing units from leading domestic cloud service providers, with an allocation of HKD 16 million by 2028[92]. Risk Management - The group faces credit risk primarily from accounts receivable, with individual credit verification procedures for customers wishing to transact on credit, focusing on past payment records and current payment capabilities[59]. - The group has established financial risk management policies to address credit, liquidity, and exchange rate risks[58].
METALIGHT(02605) - 2025 - 中期财报