Financial Performance - For the six months ended June 30, 2025, the company reported sales revenue of RMB 18,201,000, a decrease of 27.1% compared to RMB 25,009,000 for the same period in 2024[7] - The gross profit for the same period was RMB 87,000, compared to a gross loss of RMB 434,000 in 2024, indicating a significant improvement[7] - The company incurred a loss before tax of RMB 7,655,000, which is a 26.8% improvement from a loss of RMB 10,426,000 in the previous year[7] - The total comprehensive loss for the six months ended June 30, 2025, was RMB (7,655,000), compared to RMB (10,426,000) for the same period in 2024, reflecting a reduction of approximately 26.8%[17] - The company reported a loss of approximately RMB 7,655,000 for the six months ended June 30, 2025, a reduction of 26.6% compared to RMB 10,426,000 for the same period last year[43] Assets and Liabilities - Total assets decreased to RMB 42,058,000 as of June 30, 2025, down from RMB 52,075,000 as of December 31, 2024[8] - The net asset value dropped to RMB 11,918,000 from RMB 19,573,000, reflecting a significant decline in equity[9] - The company’s total equity decreased to RMB 11,918,000 as of June 30, 2025, from RMB 20,764,000 as of June 30, 2024, representing a decline of approximately 42.4%[10] - The group’s total liabilities to total assets ratio increased to approximately 76.1% as of June 30, 2025, compared to 67.5% as of December 31, 2024[50] Cash Flow and Liquidity - The company’s cash and cash equivalents decreased significantly to RMB 10,170,000 from RMB 28,528,000, indicating liquidity challenges[8] - The net cash used in operating activities for the six months ended June 30, 2025, was RMB (17,768,000), compared to RMB (23,060,000) for the same period in 2024, indicating an improvement of approximately 22.9%[12] - The company reported a total cash and cash equivalents balance of RMB 10,170,000 as of June 30, 2025, down from RMB 12,964,000 at the end of June 2024[12] Revenue Breakdown - The company’s software product sales for the six months ended June 30, 2025, were RMB 536,000, down from RMB 573,000 for the same period in 2024, a decrease of approximately 6.5%[17] - The company’s hardware product sales for the six months ended June 30, 2025, were RMB 1,424,000, down from RMB 947,000 for the same period in 2024, an increase of approximately 50.3%[17] - For the six months ended June 30, 2025, the total sales revenue from software products was RMB 8,000, while hardware products generated RMB 13,000, and support services contributed RMB 327,000, totaling RMB 348,000[22] Employee and Operational Efficiency - Employee costs for the reporting period were approximately RMB 20,026,000, a decrease from RMB 28,835,000 for the six months ended June 30, 2024[52] - Management expenses decreased by 11.2% to approximately RMB 5,774,000 from RMB 6,503,000 in the previous year, attributed to lower employee compensation and benefits[42] - The group employed 401 staff as of June 30, 2025, down from 649 employees as of June 30, 2024[52] Strategic Focus and Future Outlook - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[7] - The company plans to focus on new product development, new business expansion, and new customer acquisition in the second half of 2025, while maintaining strict cost control[46] - The company anticipates a gradual recovery in industry demand due to policy incentives and technological upgrades, leading to a sustainable development period[46] Share Options and Corporate Governance - The company has authorized the issuance of up to 131,724,000 share options under the updated plan, representing approximately 10% of the issued share capital as of the date of the 2025 annual general meeting[68] - The company’s share option plan was adopted on August 27, 2001, and has been extended to allow for the issuance of options for a total of 81,184,000 shares, representing about 10% of the issued share capital at the time of the 2011 special general meeting[66] - The board of directors includes Lin Xuexin as the executive director and chairman, along with five other executive directors and three independent non-executive directors[81] - The company has complied with the GEM Listing Rules regarding directors' securities transactions during the six-month period ending June 30, 2025[77]
新利软件(08076) - 2025 - 中期财报