Financial Performance - For the six months ended September 30, 2025, the company reported revenue of RMB 129,140,000, a decrease of approximately RMB 55,491,000 or 30.1% compared to the same period in 2024, primarily due to a reduction in project numbers[3] - Gross profit for the same period was RMB 3,922,000, down RMB 13,908,000 from RMB 17,830,000 in the previous year, resulting in a gross margin decline from approximately 9.7% to 3.0% due to intensified market competition[3] - The loss attributable to shareholders was RMB 71,313,000, compared to a loss of RMB 13,988,000 in the prior year, mainly due to the aforementioned gross profit decline and an increase in impairment losses on trade receivables and contract assets by approximately RMB 40,355,000[3] - Total revenue for the six months ended September 30, 2025, was RMB 129,140,000, a decrease from RMB 184,631,000 for the same period in 2024, resulting in a gross profit of RMB 3,922,000[21] - The group reported a net loss of RMB 71,313,000 for the six months ended September 30, 2025, compared to a net loss of RMB 13,988,000 for the same period in 2024[27] - The company reported a basic loss per share of RMB 71,313,000 for the six months ended September 30, 2025, compared to a loss of RMB 13,988,000 for the same period in 2024[48] - For the six months ended September 30, 2025, the company reported a pre-tax loss of RMB 71,478,000, compared to a pre-tax loss of RMB 16,683,000 for the same period in 2024[47] Revenue Breakdown - Revenue from software and solutions sales decreased by approximately RMB 38,453,000, while revenue from technical services fell by approximately RMB 27,922,000, attributed to fewer projects[9] - Revenue from software and solutions sales was RMB 33,191,000, down from RMB 71,644,000 year-over-year[34] - Revenue from technical services was RMB 72,183,000, compared to RMB 100,105,000 in the previous year[34] Cost and Expenses - The overall sales cost decreased by approximately RMB 41,583,000 due to the decline in revenue, with the overall gross margin dropping to approximately 3.0% from 9.7%[10] - Employee costs for the six months ended September 30, 2025, amounted to RMB 29,637,000, a decrease of 32% from RMB 43,734,000 in the same period of 2024[42] - The company recorded a total sales cost of RMB 125,116,000 for the six months ended September 30, 2025, down from RMB 166,517,000 in the same period of 2024, representing a 25% decrease[52] Assets and Liabilities - As of September 30, 2025, trade receivables and contract assets amounted to approximately RMB 379,401,000, a decrease from RMB 439,396,000 as of March 31, 2025, primarily due to increased impairment losses[12] - As of September 30, 2025, the carrying value of intangible assets was approximately RMB 364,000, down from RMB 827,000 as of March 31, 2025[11] - As of September 30, 2025, total assets less current liabilities were RMB 188,285,000, down from RMB 256,772,000 as of March 31, 2025[24] - The company’s interest-bearing liabilities included short-term bank loans of approximately RMB 109,780,000 and long-term bank loans of RMB 17,870,000 as of September 30, 2025[15] - The total trade payables as of September 30, 2025, were RMB 108,277,000, a decrease from RMB 115,174,000 as of March 31, 2025[58] Cash Flow and Working Capital - Operating cash outflow was RMB 37,956,000 for the six months ended September 30, 2025, compared to RMB 14,238,000 for the same period in 2024[27] - The group expects to improve operating cash flow through accelerated project settlements and accounts receivable collections[27] - The group anticipates sufficient working capital for at least the next 12 months based on cash flow forecasts[27] - As of September 30, 2025, the total cash and cash equivalents were RMB 13,195,000, significantly down from RMB 56,151,000 as of March 31, 2025[57] Research and Development - Research and development expenses for the six months ended September 30, 2025, were RMB 6,443,000, an increase of approximately RMB 383,000 compared to RMB 6,060,000 for the same period in 2024[14] - The company’s research and development costs (excluding amortization) were RMB 6,443,000 for the six months ended September 30, 2025, slightly up from RMB 6,060,000 in the same period of 2024[45] Employee and Corporate Governance - The company employed 176 employees as of September 30, 2025, down from 319 employees as of March 31, 2025[64] - The company does not recommend the payment of an interim dividend for the six months ending September 30, 2025, consistent with the previous year[60] - The company has complied with all applicable laws and regulations in China and Hong Kong during the reporting period[65] Strategic Focus and Future Outlook - The company is focusing on the transformation of the power system and plans to leverage its 29 years of experience in the energy information technology sector to meet market demands through 2030[7] - The company aims to enhance operational efficiency and capitalize on policy incentives to drive high-quality development in the digital economy, which is projected to reach a value-added of approximately RMB 49 trillion by the end of 2025[6][8] - The company has developed a smart IoT product, π chip, which provides power supply and network services for sensor devices, facilitating urban smart applications[7] - The company's strategy focuses on building sustainable returns on a solid financial foundation to enhance total shareholder returns over the long term[72] Audit and Compliance - The independent auditor has reviewed the unaudited condensed consolidated interim financial statements for the reporting period[74] - No significant events occurred after the reporting period that could impact the company[75]
元力控股(01933) - 2026 - 中期业绩