Financial Performance - For the six months ended June 30, 2022, the company reported revenue of RMB 377,526,000, a decrease of 20.3% compared to RMB 473,680,000 for the same period in 2021[5]. - Gross profit for the same period was RMB 45,825,000, down 13.9% from RMB 53,333,000 in 2021[5]. - The net profit attributable to the owners of the parent company was RMB 5,896,000, a decline of 63.1% from RMB 15,996,000 in the previous year[5]. - Basic and diluted earnings per share decreased to RMB 0.29 from RMB 0.77 year-on-year[9]. - Operating cash flow for the six months ended June 30, 2022, was negative at RMB (52,788,000), a significant decline from RMB 49,388,000 in the same period of 2021[21]. - The group's profit before tax for the six months ended June 30, 2022, was RMB 5,900,000, a decrease from RMB 16,000,000 for the same period in 2021[48]. - The total tax expense for the six months ended June 30, 2022, was RMB 476,000, a decrease from RMB 1,270,000 in 2021, representing a decline of approximately 62.6%[46]. - Profit attributable to owners of the parent decreased by approximately 63.1% to RMB 5.9 million for the six months ended June 30, 2022, compared to RMB 16.0 million for the same period in 2021[93]. Assets and Liabilities - Total assets as of June 30, 2022, amounted to RMB 332,949,000, compared to RMB 360,248,000 at the end of 2021[11]. - The company's cash and cash equivalents decreased to RMB 74,315,000 from RMB 120,756,000 at the end of 2021, reflecting a decline of 38.4%[11]. - The total equity attributable to the owners of the parent company increased to RMB 214,340,000 from RMB 208,404,000[16]. - Trade receivables increased to RMB 160,951,000 as of June 30, 2022, up from RMB 132,488,000 as of December 31, 2021, reflecting a growth of approximately 21.4%[51]. - The group's current assets were RMB 332.9 million, a decrease from RMB 360.2 million as of December 31, 2021, with cash and cash equivalents at RMB 74.3 million[97]. - The group's debt-to-asset ratio was 16.3%, a significant increase from 4.7% as of December 31, 2021[97]. Research and Development - Research and development expenses for the first half of 2022 were RMB 13,969,000, a decrease of 9.3% from RMB 15,410,000 in the same period last year[5]. - Research and development expenses decreased by approximately 9.4% to RMB 14.0 million for the six months ended June 30, 2022, compared to RMB 15.4 million for the same period in 2021, mainly due to delays in several R&D projects caused by tightened COVID-19 restrictions[89]. - The company aims to focus on developing proprietary products and services, particularly in education, healthcare, retail, and manufacturing sectors, to create its own intellectual property[79]. Market Strategy and Operations - The company aims to enhance its market presence and explore new product development strategies moving forward[5]. - The company has established new partnerships in several industry sectors, aligning with China's 14th Five-Year Plan for development strategies[66]. - The company is committed to expanding its market presence and leveraging government support policies to drive growth in its information and innovation business[69]. - The company has strengthened its software engineering training and partnered with a leading domestic operating system supplier to enhance its workforce capabilities[70]. - The company launched its self-developed eITSM ticket management system in April 2022, aimed at standardizing employee workflows and improving operational efficiency[75]. Expenses and Costs - The cost of goods sold and services provided decreased to RMB 331,701,000 in 2022 from RMB 420,347,000 in 2021, representing a reduction of approximately 21.1%[41]. - Sales and distribution expenses increased by approximately 19.3% to RMB 13.9 million for the six months ended June 30, 2022, compared to RMB 11.7 million for the same period in 2021, mainly due to rising costs associated with business expansion[87]. - Administrative expenses rose by approximately 22.8% to RMB 13.1 million for the six months ended June 30, 2022, compared to RMB 10.7 million for the same period in 2021, driven by increased management team costs and expenses related to a share incentive plan[88]. - Financing costs increased by approximately 261.8% to RMB 532,872.1 for the six months ended June 30, 2022, compared to RMB 147,267.9 for the same period in 2021, primarily due to interest from short-term factoring arrangements[90]. Shareholder Information - The major shareholder, Ms. Ding, holds 1,455,000,000 shares, representing 72.75% of the company[111]. - The company has not repurchased, sold, or redeemed any of its listed securities during the six months ending June 30, 2022, and up to the report date[125]. - The board did not recommend an interim dividend for the six months ended June 30, 2022[109]. Compliance and Governance - The company has complied with the corporate governance code, except for the separation of roles between the chairman and CEO, which is currently held by the same individual[126]. - The audit committee reviewed the unaudited interim consolidated results for the six months ending June 30, 2022, confirming compliance with applicable accounting standards and regulations[132].
伊登软件(01147) - 2022 - 中期财报