Financial Performance - The company reported revenue of RMB 24.1 million for the six months ended June 30, 2025, representing a 9.3% increase compared to RMB 22.0 million in the same period last year[10]. - Gross profit decreased to RMB 6.7 million, with a gross margin of 27.8%, down from 35.5% in the previous year[8]. - The company recorded a pre-tax loss of RMB 9.7 million, improving from a loss of RMB 18.0 million in the same period last year[8]. - The company reported a net loss of RMB 10.7 million for the period, an improvement from a loss of RMB 15.0 million in the previous year[8]. - Revenue for the six months ended June 30, 2025, was RMB 24,083,000, an increase of 9.3% compared to RMB 22,040,000 for the same period in 2024[79]. - Gross profit decreased to RMB 6,684,000, down 14.6% from RMB 7,830,000 year-over-year[79]. - The company reported a net loss of RMB 10,676,000, compared to a net loss of RMB 15,032,000 for the same period last year, reflecting a 29.5% improvement[81]. - Total comprehensive loss for the period was RMB 10,816,000, compared to RMB 14,675,000 in the prior year[81]. Revenue Breakdown - Revenue from hardware and/or software sales was approximately RMB 74.4 million, representing a year-on-year increase of about 21.7% or RMB 13 million[21]. - Revenue from independent IT services reached approximately RMB 33.6 million, a significant increase of about 128.6% or RMB 19 million compared to the previous year[22]. - Revenue from integrated IT solution services was RMB 13,279,000 for the six months ended June 30, 2025, down from RMB 14,455,000 in 2024, representing a decrease of approximately 8.1%[98]. - Revenue from hardware and software sales increased to RMB 7,444,000 in 2025 from RMB 6,115,000 in 2024, marking an increase of about 21.7%[98]. - Major customer A contributed RMB 3,525,000 in revenue for the six months ended June 30, 2025, while major customer B contributed RMB 3,416,000, up from RMB 3,257,000 in 2024[99]. Expenses and Costs - Selling expenses increased by approximately 54.5% or RMB 13 million, amounting to about RMB 38 million, which is approximately 15.6% of the company's revenue[25]. - Administrative expenses were approximately RMB 140 million, an increase of about 6.1% or RMB 8 million compared to the previous year[26]. - The company incurred finance costs of RMB 7,503 million for the six months ended June 30, 2025, compared to RMB 5,615 million in 2024, representing an increase of approximately 33.6%[109]. - The company’s employee costs decreased to RMB 10,850 million in the six months ended June 30, 2025, from RMB 12,394 million in 2024, a reduction of about 12.5%[109]. - The company’s total sales expenses increased to RMB 3,760 million for the six months ended June 30, 2025, from RMB 2,433 million in 2024, reflecting a rise of approximately 54.4%[106]. - The company’s research and development expenses decreased to RMB 855 million for the six months ended June 30, 2025, from RMB 1,502 million in 2024, a decline of about 43.1%[106]. Strategic Initiatives - The company has established a strategic partnership with Vietnam Made Trading Technology Limited to enhance cross-border AI cloud computing initiatives[11]. - A new AI platform was launched in collaboration with Guilin University of Electronic Technology, aimed at improving student learning and administrative efficiency[14]. - The company aims to enhance its geographical coverage and business footprint through partnerships with domestic and international enterprises in Southeast Asia[10]. - The company aims to deploy over 10,000 translation cards and 8,000 microcomputers in the education sector and government agencies within two years through a strategic partnership[18]. - The company plans to continue investing in R&D and seeks collaborations with reputable clients and partners to enhance product quality and market presence in China and Southeast Asia[19]. Financial Position - As of June 30, 2025, the company's debt-to-equity ratio was approximately 53.6%, a decrease from 69.9% on December 31, 2024[38]. - The total amount of bank loans secured by the company's assets as of June 30, 2025, was RMB 15,043,000, a significant decrease from RMB 79,534,000 on December 31, 2024[39]. - The company's total equity decreased to RMB 308,545,000 from RMB 319,361,000, reflecting the impact of the net loss on shareholder equity[83]. - The company has secured bank loans totaling RMB 217,913,000, with a slight decrease from RMB 222,364,000 in the previous period[122]. Shareholder Information - Major shareholders include Deep Blue Sea Technology Co., Ltd., which holds 306,000,000 shares, representing 61.2% of the issued share capital[47]. - As of June 30, 2025, the group has a total of 164 employees and provides competitive compensation, retirement plans, and benefits[50]. - The stock option plan approved on September 18, 2023, allows for the issuance of up to 50,000,000 shares, representing 10% of the company's issued share capital as of the listing date[54]. - The maximum allocation for any participant under the stock option plan is capped at 1% of the total issued shares over any 12-month period[56]. - The stock option plan is designed to attract and retain experienced personnel and reward past contributions[52]. Cash Flow and Investments - Cash outflow from operating activities was approximately RMB 179 million, consistent with the previous year[33]. - Cash used in operating activities for the six months ended June 30, 2025, was RMB 17,939,000, slightly higher than RMB 17,920,000 in 2024[91]. - The net cash used in investing activities for the six months ended June 30, 2025, was RMB 4,755,000, a slight improvement from RMB 5,400,000 in 2024[91]. - The company reported a net cash inflow from financing activities of RMB 8,180,000 for the six months ended June 30, 2025, compared to a net outflow of RMB 8,862,000 in 2024[91]. Compliance and Governance - The board of directors consists of six executive directors and three independent non-executive directors as of the mid-term report date[70]. - The audit committee has reviewed and confirmed the accounting principles and policies adopted by the group[75]. - There are no significant litigations or arbitrations involving the company during the period[74]. - The company has not adopted any new standards or interpretations that became effective during the reporting period[96].
迈越科技(02501) - 2025 - 中期财报