Financial Performance - For the six months ended June 30, 2023, the revenue was approximately RMB 69,935,000, a decrease of about 60.9% compared to the same period in 2022[3] - The net loss attributable to the owners of the company for the six months ended June 30, 2023, was approximately RMB 10,122,000, which is a reduction in loss of about 26.4% compared to the same period in 2022[3] - The gross profit for the six months ended June 30, 2023, was RMB 9,080,000, down from RMB 17,007,000 in the same period of 2022, reflecting a significant decline[6] - The company reported a total comprehensive loss of RMB 9,290,000 for the six months ended June 30, 2023, compared to RMB 13,018,000 for the same period in 2022[8] - Total revenue for the six months ended June 30, 2023, was RMB 69,935,000, a decrease of 61.0% compared to RMB 179,035,000 for the same period in 2022[24] - The company reported a pre-tax loss of RMB 10,122,000 for the six months ended June 30, 2023, compared to a loss of RMB 13,746,000 for the same period in 2022[33] - The company reported a total comprehensive loss of RMB 13,746 thousand for the six months ended June 30, 2023, compared to a loss of RMB 13,080 thousand in the same period of 2022[13] Assets and Liabilities - The total assets as of June 30, 2023, were RMB 1,067,472,000, a decrease from RMB 1,079,700,000 as of December 31, 2022[9] - The total liabilities as of June 30, 2023, were RMB 888,584,000, slightly down from RMB 891,522,000 as of December 31, 2022[11] - The company’s non-current assets totaled RMB 408,516,000 as of June 30, 2023, a slight decrease from RMB 412,155,000 as of December 31, 2022[9] - The company’s trade payables as of June 30, 2023, were RMB 221,757,000, a decrease from RMB 225,430,000 as of December 31, 2022[37] - The group’s total assets as of June 30, 2023, were approximately RMB 658,956,000, with current liabilities of approximately RMB 648,172,000, resulting in a debt-to-asset ratio of about 18.6%[42][43] Cash Flow and Capital - The cash and cash equivalents as of June 30, 2023, were RMB 33,898,000, down from RMB 44,050,000 as of December 31, 2022[9] - Operating cash flow for the six months ended June 30, 2023, was RMB 12,437 thousand, a significant improvement from a cash outflow of RMB 50,009 thousand in the same period of 2022[12] - The net decrease in cash and cash equivalents for the six months ended June 30, 2023, was RMB 10,152 thousand, compared to a decrease of RMB 50,009 thousand in the prior year[12] - The cash and cash equivalents at the end of June 30, 2023, stood at RMB 33,898 thousand, down from RMB 93,906 thousand at the end of June 30, 2022[12] - The company’s initial cash and cash equivalents balance was RMB 44,050 thousand at the beginning of the period, compared to RMB 143,915 thousand at the start of the previous year[12] Shareholder Information - As of June 30, 2023, the company has issued a total of 411,000,000 shares, comprising 347,850,000 domestic shares and 63,150,000 H shares[56] - Mr. Zhu Yongning holds a 29.49% equity interest in the company, representing 102,597,967 domestic shares[55] - Jiangsu Kenen Electric Technology Co., Ltd. holds 101,100,000 domestic shares, accounting for 29.06% of the domestic shares[58] - As of June 30, 2023, there are no other individuals holding 5% or more equity interests in the company apart from the disclosed directors and major shareholders[59] Corporate Governance - The company has maintained compliance with the GEM Listing Rules regarding corporate governance, with a commitment to transparency and risk management[63] - The audit committee, consisting of three independent non-executive directors, reviewed and approved the interim results for the six months ending June 30, 2023[64] - The board consists of nine members, including two executive directors and three independent non-executive directors[66] - The report confirms that all information is accurate, complete, and free from misleading or fraudulent elements[66] - The report adheres to the GEM listing rules and provides relevant information about the company[66] - The board is committed to maintaining high standards of corporate governance[66] Business Operations - The company plans to leverage its academic resources from Nanjing University to explore new business opportunities and enhance its service offerings in smart transportation, remote education, and intellectual property transactions[54] - The company has no significant investments, acquisitions, or disposals during the reporting period[44] - The company has no pledged assets as of June 30, 2023, maintaining a clean balance sheet[45] - The company has no securities transactions involving the purchase, sale, or redemption of its listed securities during the six months ending June 30, 2023[65] - The company has no directors or their close associates holding interests in any competing businesses[60] Employee Information - The company employed 250 staff as of June 30, 2023, with total salary costs amounting to approximately RMB 14,300,000, a decrease from RMB 14,990,000 in the previous year[48] Revenue Breakdown - Revenue from system integration services for the six months ended June 30, 2023, was RMB 58,050,000, down 64.9% from RMB 165,162,000 in the same period last year[24] - Revenue from computer hardware and software products for the three months ended June 30, 2023, was RMB 2,206,000, an increase of 242.6% compared to RMB 645,000 for the same period in 2022[24] Tax and Financing - The company’s financing costs for the six months ended June 30, 2023, totaled RMB 3,936,000, down 21.6% from RMB 5,016,000 in the same period last year[28] - The company’s tax expense for the six months ended June 30, 2023, was RMB 50,000, compared to RMB 103,000 for the same period in 2022[32] - The company has a tax rate of 15% for qualifying high-tech enterprises, effective since 2020, compared to the standard rate of 25%[31] Losses and Reserves - The company’s accumulated losses increased to RMB 531,199 thousand as of June 30, 2023, from RMB 511,334 thousand as of June 30, 2022[13] - The company’s capital reserve as of June 30, 2023, was RMB 501,769 thousand, unchanged from the previous year[13] - The sales and distribution expenses decreased by approximately 78.9% compared to the previous year, contributing to the reduction in losses[41]
南大苏富特(08045) - 2023 - 中期财报