Financial Performance - Revenue increased by 61.6% to RMB 745.4 million compared to the six months ended June 30, 2023[2] - Gross profit rose by 39.3% to RMB 117.3 million during the same period[2] - Adjusted net profit increased by 42.1% to RMB 56.6 million, excluding listing expenses and share-based payment impacts[2] - Revenue from customer contracts for the six months ended June 30, 2024, was RMB 745,396 thousand, a 61.6% increase from RMB 461,363 thousand in the same period of 2023[13] - Revenue from international freight services was RMB 115,560 thousand for the six months ended June 30, 2024, compared to RMB 84,657 thousand in 2023, representing a 36.4% increase[14] - Revenue from last-mile delivery services reached RMB 629,836 thousand, up 67.0% from RMB 376,706 thousand in the previous year[14] - The profit attributable to equity holders of the parent for the six months ended June 30, 2024, was RMB 29,958,000, compared to RMB 28,943,000 for the same period in 2023[25] - Adjusted net profit for the six months ended June 30, 2024, was RMB 56,592 thousand, a 42.1% increase compared to RMB 39,834 thousand in the same period of 2023[43] - Basic and diluted earnings per share remained at RMB 0.08[4] Dividends - The interim dividend declared is HKD 0.035 per share for the six months ended June 30, 2024[2] - No dividends were declared for the six months ended June 30, 2024, compared to RMB 23,000,000 for the same period in 2023. A mid-term dividend of HKD 0.035 per share, totaling HKD 15,400,000, is proposed for shareholders on the register as of October 7, 2024[23]. - The board has declared an interim dividend of HKD 0.035 per share for the six months ending June 30, 2024, expected to be distributed around October 31, 2024[73] Assets and Liabilities - Non-current assets totaled RMB 345.1 million, up from RMB 256.2 million as of December 31, 2023[5] - Current assets increased to RMB 702.3 million from RMB 422.8 million as of December 31, 2023[5] - Total liabilities increased, with current liabilities at RMB 333.8 million compared to RMB 256.4 million at the end of 2023[6] - Net assets rose to RMB 550.3 million from RMB 324.0 million as of December 31, 2023[6] - The company's total borrowings as of June 30, 2024, were RMB 96,200 thousand, up from RMB 51,800 thousand as of December 31, 2023, indicating an increase of approximately 85.7%[36] - The total debt of the company at the end of the reporting period was RMB 306,623 thousand, with a healthy debt-to-equity ratio of 47.5%[61] - The company's current assets and current liabilities were RMB 702,258 thousand and RMB 333,810 thousand, respectively, resulting in a current ratio increase from 1.6 to 2.1[61] Operational Highlights - The company achieved operating revenue of RMB 745,396 thousand for the relevant period, compared to the same period in 2023[42] - The company has established 56 overseas warehouses across three continents and over 40 cities, enhancing its logistics capabilities[40] - The company added 6 overseas warehouses located in the US, Canada, Germany, and Australia, increasing total warehouse area by approximately 100,000 square meters, bringing the total to 56 overseas warehouses across three continents and over 40 cities[43] - The company aims to expand its overseas warehouse network and global logistics capabilities to improve efficiency in providing end-to-end supply chain solutions[48] - The group has leased six new overseas warehouses, increasing total area by approximately 100,000 square meters, located in the US, Canada, Germany, and Australia[64] Research and Development - Research and development expenses increased to RMB 17,488 thousand for the six months ended June 30, 2024, compared to RMB 11,905 thousand in 2023, reflecting a focus on innovation[16] - The company plans to invest in artificial intelligence, machine learning, and IoT technologies to enhance the capabilities of its Yida Cloud platform[47] Compliance and Governance - The group has implemented an anti-corruption risk management policy and continues to provide training to employees to prevent corruption[67] - The group has maintained compliance with all applicable corporate governance codes since its listing date[68] Employee and Operational Costs - The group has a total of 312 employees, with employee costs amounting to RMB 133,390,000, including share-based payment expenses[63] - The company's sales cost for the six months ended June 30, 2024, was RMB 628,142 thousand, a 66.5% increase from RMB 377,167 thousand in the same period last year[53] - Logistics costs accounted for 71.7% of total sales costs, amounting to RMB 450,402 thousand, reflecting a 66.3% increase year-on-year[56] Market Outlook - The cross-border e-commerce B2C export market in China is expected to maintain rapid growth, with the market size projected to reach RMB 3,870 billion by 2028[45] - The company’s strategic focus remains on providing end-to-end supply chain solutions for the rapidly growing B2C export e-commerce sector in China[39] Financial Investments - As of June 30, 2024, the group holds short-term financial investments of approximately RMB 141,192,000, with realized investment income of RMB 448,000[65] - The group has invested in several funds from E Fund Management (Hong Kong) Limited, with a total value accounting for 5% or more of the group's total assets as of June 30, 2024[65] Miscellaneous - The company reported no revenue from any single external customer accounting for 10% or more of total revenue for the periods ended June 30, 2024, and 2023[12] - The company has made progress in restructuring its SaaS system, completing the WMS/OMS template work and adding 5 new SaaS system users overseas[43] - The group has adopted a light-asset model through third-party logistics providers to maintain decision-making flexibility and improve operational efficiency[67] - The company reported a significant increase in equity from RMB 324,044 thousand at the end of 2023 to RMB 550,273 thousand by June 30, 2024[61] - The group incurred lease liabilities of RMB 108,057,000 during the reporting period, with interest expenses of RMB 4,694,000[28] - The group paid RMB 28,068,000 in lease liabilities during the reporting period, compared to RMB 19,944,000 for the same period in 2023[28] - The company’s bank overdraft financing was RMB 9,465 thousand as of June 30, 2024, slightly down from RMB 9,479 thousand as of December 31, 2023[34] - The company has secured several bank loans with collateral, including cash and bank deposits amounting to RMB 10,000 thousand[35] - The group has a total of 312 employees, with employee costs amounting to RMB 133,390,000, including share-based payment expenses[63] - The interim report for the six months ending June 30, 2024, will be published on the Hong Kong Stock Exchange and the company's website[75] - The board of directors consists of three executive directors and four independent non-executive directors[75]
EDA集团控股(02505) - 2024 - 中期业绩