Financial Performance - Total revenue for the six months ended June 30, 2022, was RMB 518.0 million, a decrease of 28.1% compared to RMB 720.5 million for the same period in 2021[7]. - The adjusted loss for the six months ended June 30, 2022, was RMB 58.4 million, compared to a profit of RMB 72.7 million in the same period of 2021[9]. - The company reported a net loss attributable to shareholders of RMB 62.1 million for the six months ended June 30, 2022, compared to a profit of RMB 62.8 million in the same period of 2021[39]. - The company's gross profit for the six months ended June 30, 2022, was RMB 96.4 million, a decrease of approximately 56.1% from RMB 219.4 million in the first half of 2021, resulting in a gross margin of about 18.6%[36]. - For the six months ended June 30, 2022, the company recorded total revenue of RMB 518.0 million, a decrease of approximately 28.1% compared to RMB 720.5 million for the same period in 2021[34]. - The company incurred a loss before tax of RMB 63,759,000, compared to a profit of RMB 66,463,000 in the previous year[95]. - The total comprehensive loss for the period was RMB 31,336 thousand, reflecting the impact of foreign exchange differences[101]. User Metrics - The number of paid customers as of June 30, 2022, was 568, down from 872 in the first half of 2021, with a retention rate of approximately 47.3%[11]. - Daily active users decreased to 20.0 million from 26.7 million year-over-year, while monthly active users decreased to 373.1 million from 391.0 million[12]. - The number of paid customers using the company's SaaS services decreased to 568 from 872 year-on-year, with 160 from the financial sector, down from 264[20]. - The user base increased by 20% year-over-year, reaching 1 million active users by June 30, 2022[183]. Advertising and Revenue Streams - New contract value for the six months ended June 30, 2022, was RMB 644 million, compared to RMB 744 million in the first half of 2021[11]. - Total advertising page views for the six months ended June 30, 2022, were 3,938.5 million, down from 6,927.6 million in the same period of 2021[12]. - The company's interactive effect advertising business revenue declined by 31.3% to RMB 447.9 million, down from RMB 651.9 million in the first half of 2021[28]. - Revenue from the user operation SaaS business increased by 2.2% to RMB 70.1 million, up from RMB 68.6 million in the previous year[20]. - The contribution from financial clients to the advertising business dropped significantly, with only 2% of revenue coming from this sector compared to 47% in the previous year[28]. - Interactive effect advertising business revenue decreased to RMB 447,935 thousand, down 31.2% from RMB 651,929 thousand in the prior period[118]. Research and Development - Research and development expenses decreased by 8.9% to RMB 71.9 million for the six months ended June 30, 2022, compared to RMB 78.9 million in the first half of 2021[32]. - The company aims to increase R&D investment to provide comprehensive user operation SaaS services, targeting industries with significant untapped potential[26]. - The company is investing RMB 50 million in R&D for new technologies, aiming for a 10% improvement in service efficiency[183]. Corporate Governance - The company has adopted the Corporate Governance Code to enhance shareholder rights and corporate accountability[67]. - As of June 30, 2022, the company has complied with all applicable provisions of the Corporate Governance Code[68]. - The board does not recommend declaring any interim dividend for the current period, consistent with the previous year[65]. Cash Flow and Assets - Operating cash outflow for the six months ended June 30, 2022, was RMB 59.3 million, a significant change from a cash inflow of RMB 18.9 million in the first half of 2021[43]. - The company’s cash and cash equivalents amounted to approximately RMB 232.5 million as of June 30, 2022, down from RMB 289.4 million as of June 30, 2021[45]. - The total current liabilities increased to RMB 293,890 thousand, up 6.4% from RMB 276,080 thousand[98]. - The total non-current assets amounted to RMB 208,431 thousand, an increase of 19.6% from RMB 174,249 thousand as of December 31, 2021[98]. Future Outlook - The company plans to upgrade its SaaS services to include three product tiers: basic, premium, and VIP custom versions to meet diverse customer needs[23]. - The company aims to enhance user loyalty through digital transformation and is focused on optimizing its user operation SaaS business model to create value for enterprises[63]. - The company has set a performance guidance of 10% revenue growth for the full year 2022[183]. - A strategic acquisition is in progress, which is projected to enhance the company's market position by 25%[183]. Employee and Shareholder Information - The total employee count as of June 30, 2022, was 945, with a total wage cost and employee benefits expenditure of approximately RMB 149.1 million for the six months ended June 30, 2022, compared to RMB 144.0 million for the same period in 2021[59]. - Chairman and CEO Chen Xiaoliang holds 44.71% of the company's shares, totaling 481,442,579 shares[77]. - Major shareholders include 招商永隆信託有限公司 with a 42.21% stake, holding 454,552,000 shares[86]. Legal and Compliance - The company is currently facing a legal claim with a maximum amount of approximately HKD 61,000,000, but the board believes there are sufficient defenses against this claim[146]. - The group did not experience any transfers between Level 1 and Level 2 fair value measurements during the reporting period[177].
兑吧(01753) - 2022 - 中期财报