Electricity Consumption and Market Trends - For the first half of 2025, the total electricity consumption in China reached 7.77 trillion kilowatt-hours, representing a year-on-year increase of 4.6%[13]. - The national power trading centers completed 4.92 trillion kilowatt-hours of market-traded electricity, a year-on-year increase of 7.2%, accounting for 63.4% of the country's total electricity consumption[13]. - The peak-valley electricity price mechanism has improved, with the price difference exceeding 0.6 yuan per kilowatt-hour in 16 provinces and autonomous regions[13]. - The fluctuation of electricity prices has increased due to further market-oriented reforms, impacting the power system's consumption capacity for new energy[14]. Digital Economy and Technological Integration - The added value of the digital economy is expected to reach approximately 49 trillion yuan by the end of 2025, accounting for about 35% of GDP[15]. - The integration of power energy and digital technology is generating new productivity through innovation, significantly improving energy efficiency[8]. - Smart energy systems are increasingly in demand, driven by the need for new generation information technologies[9]. - The Group aims to deepen the digital transformation plan for state-owned enterprises in the power sector by 2025, focusing on the value of power data and building a grid structure featuring "large power grids + microgrids"[18]. Financial Performance - The Group's revenue for the six months ended 30 September 2025 was approximately RMB 129,140,000, a decrease of about RMB 55,491,000 compared to RMB 184,631,000 for the same period in 2024[24]. - Revenue from the sale of software and solutions decreased by approximately RMB 38,453,000, while revenue from the provision of technical services decreased by approximately RMB 27,922,000 due to a reduction in the number of projects[25]. - The Group's overall gross profit margin fell from approximately 9.7% to approximately 3.0%, primarily due to intensified market competition[28]. - The total revenue for the six months ended September 30, 2025, was RMB 129,140,000, a decrease of 30% compared to RMB 184,631,000 for the same period in 2024[147]. - Gross profit for the same period was RMB 3,922,000, down from RMB 17,830,000, indicating a significant decline in profitability[147]. - Loss from operations increased to RMB 68,647,000, compared to a loss of RMB 13,740,000 in the previous year, reflecting operational challenges[147]. - Loss before taxation for the period was RMB 71,478,000, compared to RMB 16,683,000 in the prior year, highlighting worsening financial performance[147]. - The loss attributable to equity shareholders of the Company was RMB 71,313,000, compared to RMB 13,988,000 in the same period last year[149]. Assets and Liabilities - As of September 30, 2025, total assets amounted to RMB 464,772,000, a decrease of 14.7% from RMB 544,993,000 as of March 31, 2025[151]. - Current liabilities decreased to RMB 295,338,000 from RMB 308,337,000, reflecting a reduction of 4.0%[151]. - Net current assets increased to RMB 169,434,000, up 11.5% from RMB 151,932,000 as of March 31, 2025[151]. - Total equity decreased to RMB 168,317,000, down 29.7% from RMB 239,634,000 as of March 31, 2025[152]. - The company reported a loss of RMB 71,317,000 for the six months ended September 30, 2025, compared to a profit of RMB 32,346,000 for the same period in the previous year[157]. Share Capital and Governance - As of September 30, 2025, the total issued share capital of the Company was 503,927,177 Shares[70]. - Directors Wang Dongbin, Li Kangying, and Wu Zhanjiang each held 60,000,000 Shares, representing approximately 11.91% of the total shareholding[67]. - The Company has adopted the Corporate Governance Code to enhance shareholder value and ensure effective risk management and internal controls[63]. - The Company continues to optimize its governance practices to foster a culture of high integrity[63]. - All disclosures regarding interests and short positions were made in accordance with the Securities and Futures Ordinance[72]. Employee and Operational Metrics - The total number of employees decreased to 176 as of September 30, 2025, from 319 as of March 31, 2025[54][59]. - Total employee benefit expenses for the reporting period were approximately RMB 29,637,000, down from approximately RMB 43,734,000 for the same period last year[54][59]. - The Group's net cash used in operating activities was RMB 37,956,000, an increase from RMB 14,238,000 in the prior year[162]. - The Group aims to improve operating cash flows by accelerating billings and collections, actively participating in bidding, and reducing operational expenses[162]. Share Option and Award Schemes - The Company has adopted a Share Option Scheme to incentivize selected participants for their contributions[90]. - The total number of awards available for issue under the Share Award Scheme is 8,512,000 Shares, representing approximately 1.7% of the total issued Shares (excluding treasury shares) as of September 30, 2025[122]. - The maximum number of Shares awarded to a selected participant under the Share Award Scheme shall not exceed 1% of the issued share capital of the Company (excluding treasury shares) at any time[123]. - The Share Award Scheme is valid for a period of ten years, commencing from July 27, 2018, with approximately three years remaining as of the report date[132].
元力控股(01933) - 2026 - 中期财报