Financial Performance - The company's revenue for the first half of 2023 decreased by approximately 19.0% compared to the same period last year, resulting in a net loss of approximately RMB 21.0 million[18]. - The group's revenue for the six months ended June 30, 2023, was approximately RMB 37.0 million, a decrease of about RMB 8.7 million or 19.0% compared to RMB 45.7 million for the same period in 2022[24]. - Revenue for the six months ended June 30, 2023, was RMB 37,008,000, a decrease of 18.9% compared to RMB 45,695,000 for the same period in 2022[64]. - The group recorded a net loss of approximately RMB 21.0 million for the six months ended June 30, 2023, compared to a net loss of approximately RMB 3.1 million for the same period in 2022[34]. - The company reported a net loss of RMB 20,972,000 for the six months ended June 30, 2023, compared to a net loss of RMB 3,115,000 in the prior year, representing a significant increase in losses[64]. - The group reported a pre-tax loss from continuing operations of RMB 70,000, a significant increase from a pre-tax loss of RMB 33,847,000 in the previous year[80]. Assets and Liabilities - As of June 30, 2023, total assets amounted to RMB 305.6 million, down from RMB 329.4 million as of December 31, 2022[16]. - The company's total liabilities decreased to RMB 36,929,000 as of June 30, 2023, compared to RMB 38,119,000 at the end of 2022[65]. - The company's total equity attributable to shareholders was RMB 181,858 thousand as of June 30, 2023, a decrease of RMB 2,769 thousand from the previous period[66]. - The company's cash and cash equivalents were RMB 142.2 million, a decrease from RMB 171.4 million at the end of 2022[16]. - The company's current ratio decreased from 8.2 as of December 31, 2022, to 7.6 as of June 30, 2023, primarily due to net cash outflows from operating activities and capital expenditures[35]. - The total financial liabilities measured at amortized cost increased to RMB 4,477 thousand for trade payables as of June 30, 2023, compared to RMB 2,687 thousand as of December 31, 2022, reflecting an increase of approximately 66.7%[98]. Revenue Breakdown - Revenue from the overall APM system solutions decreased by approximately 47.8% to about RMB 13.3 million for the six months ended June 30, 2023, from approximately RMB 25.5 million for the same period in 2022[25]. - Revenue from software development services increased by approximately 33.0% to about RMB 14.9 million for the six months ended June 30, 2023, compared to RMB 11.2 million for the same period in 2022[26]. - Major customer revenue was approximately RMB 27,120,000, accounting for over 10% of total revenue, down from RMB 34,555,000 in the previous year[77]. Expenses - Research and development expenses increased by approximately 34.2% to about RMB 19.2 million for the six months ended June 30, 2023, from RMB 14.3 million for the same period in 2022[32]. - Administrative expenses increased by approximately 90.2% to about RMB 19.5 million for the six months ended June 30, 2023, from RMB 10.3 million for the same period in 2022[33]. - The total remuneration for key management personnel for the six months ended June 30, 2023, was RMB 3,370 thousand, compared to RMB 4,772 thousand for the same period in 2022, representing a reduction of approximately 29.4%[97]. Cash Flow and Investments - The net cash flow used in operating activities was RMB (17,509) thousand for the six months ended June 30, 2023, compared to RMB (15,134) thousand for the same period in 2022[68]. - The company reported a net cash outflow from investing activities of RMB (13,022) thousand for the six months ended June 30, 2023[69]. - Capital expenditures for the six months ended June 30, 2023, were approximately RMB 13.0 million, significantly higher than RMB 0.4 million for the same period in 2022[40]. Strategic Initiatives - The company is actively developing Central Bank Digital Currency (CBDC) systems and has signed agreements to acquire multiple software copyrights for this purpose[19]. - The company aims to leverage its technological and innovative advantages to collaborate with central banks and regulatory bodies in advancing CBDC initiatives[21]. - The group plans to promote CBDC products and services globally, aiming to provide high-quality digital financial services to local users[22]. - APM business is expected to maintain steady revenue growth in the second half of 2023, driven by product and technology innovations[23]. Shareholder Information - The major shareholder, International Business Digital Technology Group Limited, holds 569,715,000 shares, representing 74.77% of the total shares[54]. - The stock option plan adopted on November 21, 2016, allows the company to issue a total of 48,674,500 shares under the plan, which accounts for about 6.4% of the total shares issued as of the report date[46]. - The board does not recommend the payment of an interim dividend for the six months ended June 30, 2023[41]. Miscellaneous - There were no major acquisitions or disposals of subsidiaries, associates, or joint ventures during the six months ended June 30, 2023[42]. - The company has no significant contingent liabilities as of June 30, 2023, consistent with the previous reporting period[41]. - The company confirmed that at least 25% of its total issued share capital was held by the public as of the interim report date[45].
国际商业数字技术(01782) - 2023 - 中期财报