Financial Performance - For the six months ended June 30, 2023, the company reported a revenue of RMB 3.282 billion, representing a 5.6% increase from RMB 3.109 billion in the same period of 2022[19]. - Revenue from the new business segments reached RMB 1.091 billion, an increase of 8.7% compared to RMB 1.004 billion in the previous year[19]. - Gross profit for the period was RMB 1.144 billion, up 8.6% from RMB 1.054 billion, with a gross margin of 34.9%, an increase of 1.0 percentage points year-over-year[19]. - Net profit increased by 12.3% to RMB 212 million, compared to RMB 189 million in the prior year, with a net profit margin of 6.5%, up 0.4 percentage points[19]. - In the first half of 2023, the company achieved a revenue of RMB 3.282 billion, representing a year-on-year increase of 5.6%[25]. - Gross profit margin improved to 34.9%, up by 1.0 percentage point year-on-year[25]. - Net profit reached RMB 212 million, reflecting a year-on-year increase of 12.3%[25]. - The company's net profit for the first half of 2023 was approximately RMB 212 million, representing a year-on-year growth of 12.3% from RMB 189 million in the same period of 2022[54]. - The gross profit for the first half of 2023 was approximately RMB 1.144 billion, with a gross margin of 34.9%, an increase of 1.0 percentage point from 33.9% in the same period of 2022[49]. - The total comprehensive income for the period was RMB 218,358 thousand, compared to RMB 180,472 thousand in the previous year, an increase of 21.0%[123]. Cash Flow and Operating Activities - The net cash used in operating activities was RMB (471) million, an improvement of 13.7% from RMB (546) million in the previous period[19]. - Operating cash flow improved by 13.7% year-on-year, indicating better cash management[25]. - The net cash used in operating activities for the first half of 2023 was approximately RMB 471 million, an improvement of 13.7% compared to RMB 546 million in the same period of 2022, attributed to accelerated project acceptance and enhanced collection management[68]. - The net cash generated from investing activities in the first half of 2023 was approximately RMB 258 million, primarily from the redemption of several bank and other financial institution wealth management products[68]. - The net cash used in financing activities for the first half of 2023 was approximately RMB 352 million, a year-on-year increase of 4.3% from RMB 337 million in the same period of 2022, mainly for annual dividend payments[68]. Business Segments and Growth - New business orders signed increased by over 20% year-on-year, with new business orders in the three new sectors rising by over 70%[25]. - The energy sector's revenue tripled year-on-year, exceeding RMB 100 million, becoming the largest revenue segment among vertical industries[28]. - The transportation sector's revenue increased by 70.7%, while the government sector's revenue rose by 40.0%[28]. - In the first half of 2023, the company's vertical industry and cloud business revenue reached RMB 351 million, a year-on-year increase of 29.4%[32]. - OSS business revenue grew rapidly, reaching RMB 285 million, up 14.9% year-on-year[32]. - BSS business revenue was RMB 2.105 billion, an increase of 1.9% year-on-year[32]. Research and Development - R&D expenses for the first half of 2023 amounted to RMB 505 million, a year-on-year increase of 3.7%, accounting for 15.4% of total revenue[36]. - The company is focusing on AI and AIGC technologies to drive innovation and maintain its leadership in the BSS market[38]. - The company has launched innovative products in the cloud network field, including the first endogenous computing network product, enhancing its market position[35]. Shareholder Information - The total number of shares held by directors and senior management as of June 30, 2023, was approximately 120,735,141 shares, representing about 12.91% of the total issued shares[81]. - As of June 30, 2023, the total number of issued shares was 935,290,912[92]. - Skipper Investment Limited holds 213,924,952 shares, representing approximately 22.87% of the total issued shares[87]. - China Mobile International Holdings Limited owns 182,259,893 shares, accounting for 19.49% of the total issued shares[90]. - The company has a significant shareholder structure with multiple entities under CITIC Capital holding 213,924,952 shares, also 22.87%[87]. Corporate Governance and Risk Management - The company maintained a high standard of corporate governance to protect shareholder interests and enhance corporate value, adhering to applicable governance codes throughout the reporting period[74]. - The company faced foreign exchange risks primarily from fluctuations in the exchange rates between the Hong Kong dollar and the Chinese yuan, as well as the US dollar and the Chinese yuan, with no foreign currency hedging operations in place as of June 30, 2023[71]. Assets and Liabilities - As of June 30, 2023, total assets were approximately RMB 10.067 billion, a decrease of 3.5% from RMB 10.433 billion at the end of 2022[58]. - Trade receivables and notes receivable increased by 33.1% to approximately RMB 1.514 billion from RMB 1.137 billion at the end of 2022[62]. - Contract liabilities rose by 34.1% to approximately RMB 366 million, up from RMB 273 million at the end of 2022[63]. - The company's goodwill remained stable at RMB 2,122,627 thousand, unchanged from the previous reporting period[125]. - The total equity attributable to equity holders of the company was RMB 6,780,456 thousand, down from RMB 6,795,583 thousand, indicating a decrease of about 0.2%[127]. Employee and Compensation - The company had a total of 13,235 full-time employees as of June 30, 2023, a slight increase from 13,205 employees at the end of 2022[113]. - Total employee costs for the six months ended June 30, 2023, amounted to RMB 2,006,986,000, an increase from RMB 1,952,998,000 in 2022, reflecting a growth of approximately 2.8%[157]. - The company's total employee costs included share-based payment expenses of RMB 35,948,000, down from RMB 56,992,000 in 2022, indicating a decrease of about 37%[157]. Future Outlook - The company aims to achieve a business scale exceeding RMB 10 billion by 2025, with new businesses expected to contribute significantly[38]. - The company anticipates continued revenue growth in the second half of 2023, driven by OSS and vertical industry business expansion[38].
亚信科技(01675) - 2023 - 中期财报