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畅捷通(01588) - 2022 - 中期财报
CHANJETCHANJET(HK:01588)2022-09-28 08:30

Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 335,099 thousand, representing a 56% increase compared to RMB 214,696 thousand in the same period of 2021[14]. - Gross profit for the same period was RMB 205,957 thousand, up 41% from RMB 146,301 thousand year-on-year[14]. - The company reported a pre-tax loss of RMB (77,174) thousand, a 48% improvement from a loss of RMB (147,758) thousand in the previous year[14]. - The net loss attributable to equity holders of the parent for the period was RMB (78,471) thousand, a 42% decrease from RMB (134,486) thousand in the previous year[14]. - Basic loss per share for the period was RMB (26.2), compared to RMB (45.3) in the same period of 2021, indicating a 42% improvement[14]. - The company reported a total comprehensive loss of RMB 134,512,000 for the period[161]. - The company’s net loss for the period was RMB 78.47 million, a 42% reduction from a net loss of RMB 134.49 million in the previous year[52]. Assets and Liabilities - Total assets as of June 30, 2022, were RMB 1,676,556 thousand, reflecting a 3% increase from RMB 1,624,344 thousand at the end of 2021[14]. - Total liabilities increased by 19% to RMB 831,108 thousand from RMB 700,955 thousand at the end of 2021[14]. - Current liabilities totaled RMB 664,637,000, an increase of 17.9% from RMB 563,772,000[155]. - Non-current liabilities increased to RMB 166,471,000 from RMB 137,183,000, showing a rise of 21.4%[157]. - Net assets decreased to RMB 845,448,000 from RMB 923,389,000, a decline of 8.5%[157]. Cash Flow - The net cash flow from operating activities for the six months ended June 30, 2022, was RMB (56.98) million, an increase of RMB 27.10 million compared to the previous year[74]. - The net cash flow from investing activities for the same period was RMB 180.01 million, primarily due to the maturity of structured deposit products and some fixed-term deposits[75]. - Cash and cash equivalents reached RMB 1,252,510,000, up from RMB 1,196,100,000, marking a growth of 4.7%[155]. - The company reported a net cash inflow from investing activities of RMB 180,008,000, a substantial increase from RMB 57,852,000 in the same period last year, reflecting improved investment performance[170]. Market and Growth Opportunities - The number of newly registered market entities in China increased by 4.3% year-on-year to 14.54 million in the first half of 2022[17]. - The company is benefiting from favorable government policies aimed at supporting small and micro enterprises, enhancing its market opportunities[18]. - The digital transformation of accounting management is being actively promoted, which is expected to support the company's growth in the digital economy sector[18]. - The company plans to focus on small and micro enterprises in digital finance and business sectors, aiming for rapid growth in SaaS subscription revenue and overall revenue[41]. SaaS Business Performance - The company achieved a total revenue of RMB 335.10 million, representing a 56% year-over-year increase, with SaaS subscription revenue reaching RMB 177.64 million, up 78% year-over-year, accounting for 53% of total revenue[21]. - The number of paid enterprise users for the cloud service business increased by 62,000 during the reporting period, bringing the total to 459,000[22]. - The company’s SaaS products maintained leading sales in Alibaba Cloud and Huawei Cloud markets, with rapid growth in sales on collaboration platforms like DingTalk and WeChat Work[36]. - The company’s SaaS subscription contract liabilities increased by 32% to RMB 467.62 million compared to the end of the previous year[21]. Employee and Incentive Plans - The company’s employee count reached 1,189, with a focus on optimizing organizational structure and enhancing employee capabilities to support cloud service growth[38]. - The company has raised approximately HKD 74.93 million for the employee trust beneficiary rights plan[98]. - A total of 15,412,716 incentive shares were granted under the employee stock ownership plan, representing about 7.10% of the company's total issued share capital as of December 28, 2020[105]. - The company aims to enhance its incentive mechanism to promote sustainable business development and achieve strategic goals[111]. Shareholding Structure - As of June 30, 2022, the company had a total of 325,772,499 shares issued, with 243,272,499 being domestic shares[118][129]. - Wang Wenjing holds 215,301,391 domestic shares, representing approximately 66.09% of the company's total equity[119][123]. - The company’s major shareholder, Yonyou, directly and indirectly holds 215,301,391 domestic shares, accounting for 66.09% of the total equity[119][129]. - The total shareholding of major shareholders, excluding directors and senior management, reflects a concentrated ownership structure[126]. Accounting Standards and Compliance - The group adopted new accounting standards, interpretations, and amendments, including revisions to IAS 37, IFRS 3, and IFRS 16, which did not impact the interim condensed consolidated financial statements[181][183][190]. - The revisions to IAS 37 clarify that costs directly related to fulfilling a contract must be included when assessing whether a contract is loss-making[183].