香港2024年10月18日 /美通社/ -- 華欽科技集團公司（納斯達克代碼：CLPS，以下簡稱"華欽科技"或"集團"）于今日公布2024下半財年（2024年1月1日至2024年6月30日）及2024全年財務報告（2023年7月1日至2024年6月30日）。
2024財年期間，面對全球經(jīng)濟的不確定性和全行業(yè)裁員潮等不利因素帶來的挑戰(zhàn)，但華欽科技依然展現(xiàn)出了發(fā)展韌性和戰(zhàn)略眼光。為應對各類復雜局勢，集團積極調(diào)整業(yè)務運營，為持續(xù)增長做好準備。此外，長期實施的"雙引擎"發(fā)展戰(zhàn)略，既強調(diào)全球影響力擴張，同時也向新行業(yè)領域多元化發(fā)展，對于華欽科技實現(xiàn)既定目標也至關重要。同時，對于先進IT服務和專業(yè)人才的需求依然保持日益增長，提供了有利環(huán)境，使得華欽科技能夠積極抓住國際商業(yè)機會，推進未來成功。
同2023財年下半年（即截止于2023年6月30日的6個月）財務數(shù)據(jù)相比，華欽科技 2024財年下半年未經(jīng)審計的財務數(shù)據(jù)亮點如下：
同2023財年（即截止于2023年6月30日的12個月）財務數(shù)據(jù)相比，華欽科技 2024財年全年經(jīng)審計的財務數(shù)據(jù)亮點如下：
華欽科技首席執(zhí)行官林明輝先生表示："盡管本財年的財務業(yè)績未能達到最初預期，但我為華欽科技團隊在應對充滿挑戰(zhàn)的市場環(huán)境中所展現(xiàn)出的堅韌和靈活性感到自豪。由于一些客戶的戰(zhàn)略調(diào)整，我們面臨逆風，但我們采取積極措施規(guī)避潛在損失，并為長期增長做好準備。"
"我們致力于為客戶提供卓越的服務，這使得我們能夠在保持客戶忠誠度的基礎上開拓新的業(yè)務。此外，我們還戰(zhàn)略收購了新加坡學習機構(gòu)CAE，以及Shell Infotech Pte. Ltd. 及其全資子公司 Shell Infotech Consulting Sdn. Bhd.，進一步鞏固了我們在東南亞地區(qū)IT服務領域的地位，同時拓展了業(yè)務能力和市場范圍。我們通過并購活動進入貸款、電子商務、旅游和教育等相關領域，實現(xiàn)了多元化，使推動增長的業(yè)務能力得到增強和補充。"
"在數(shù)字化轉(zhuǎn)型加速、遠程辦公廣泛采用以及企業(yè)對靈活高效IT基礎設施日益重視等因素的推動下，市場對IT解決方案的需求預計將激增。我們在本財年期間建立了中國開發(fā)中心（"CDC"）和全球測試中心（"GTC"），這些舉措將在未來幫助我們在不斷發(fā)展的IT技術領域中保持競爭優(yōu)勢。"
"展望未來，我們將繼續(xù)致力于為股東創(chuàng)造長期價值。通過卓越運營、財務紀律和戰(zhàn)略增長，我們有信心應對未來的挑戰(zhàn)，并把握新的市場機遇。"
華欽科技首席財務官楊瑞女士對此表示："全球擴張戰(zhàn)略是我們本財年的重點之一，來自中國大陸以外地區(qū)的收入增長了37.9%。其中，亞太地區(qū)業(yè)務表現(xiàn)出顯著增長，在新加坡、中國香港和日本的業(yè)務分別大幅增長25.8%、44.9%和122.5%。在北美地區(qū)，加拿大地區(qū)的業(yè)務得到了加強，美國地區(qū)的業(yè)務收入增長了57.2%，這得益于知名度提高、戰(zhàn)略招聘和市場需求提升。此外，我們最近在阿聯(lián)酋迪拜的擴張進一步拓展了全球足跡，并在蓬勃發(fā)展的中東市場開辟了新的機會。這些成就彰顯了我們的團隊實力、商業(yè)價值以及全球戰(zhàn)略的有效性。"
"在過去的三個財年中，由于對現(xiàn)金流管理的重視，我們產(chǎn)生了持續(xù)正向的經(jīng)營現(xiàn)金流。在本財年，我們將應收賬款周轉(zhuǎn)天數(shù)從123天縮短到111天，提升了資金流動性，使未來的投資和業(yè)務擴張成為可能。"
2024財年下半年未經(jīng)審計的財務數(shù)據(jù)：
收入
2024財年下半年，收入從上年同期的7,360萬美元減少到7,100萬美元，同比下降260萬美元，同比降幅3.5%。收入下降的主要原因是IT咨詢服務收入的下降。
按類型分
按業(yè)務分
按地域分
毛利
2024財年下半年，毛利從上年同期的1,600萬美元增長到1,720萬美元，同比增長120萬美元，同比增幅7.3%。毛利增加主要是由于為應對總收入減少而對銷售成本進行積極優(yōu)化。
運營費用
2024財年下半年，銷售和市場費用從上年同期的60萬美元增長到180萬美元，同比增加120萬美元，同比增幅199.9%。銷售和市場費用占總收入的比例從上年同期的0.8%增加到2.6%。銷售和市場費用增長的主要原因是為把握業(yè)務增長機遇而增加的銷售人員相關成本。
2024財年下半年，研發(fā)費用從上年同期的398萬美元減少到396萬美元，同比下降2萬美元，同比降幅0.4%。研發(fā)費用占總收入的比例從上年同期的5.4%增加到5.6%。與去年同期相比，研發(fā)費用基本持平。
2024財年下半年，管理費用從上年同期的1,090萬美元增長到1,390萬美元，同比增加300萬美元，同比增幅27.3%。管理費用占總收入的比例從上年同期的14.9%增加到19.6%。管理費用增長主要是由于我們對定制IT解決方案服務需求的預期增長，從而建立了集團CDC和GTC所產(chǎn)生的費用。
營業(yè)虧損
2024財年下半年，營業(yè)虧損為160萬美元，上年同期營業(yè)虧損為130萬美元。營業(yè)利潤率從上年同期的-1.7%降至-2.3%。
其他收入和費用
2024財年下半年，扣除其他費用后的其他收入總計為60萬美元，上年同期扣除其他費用后的其他收入總計為50萬美元。
所得稅（費用）收入
2024財年下半年，所得稅收入為20萬美元，上年同期的所得稅費用為50萬美元。
凈（虧損）利潤和每股收益
2024財年下半年，凈虧損為90萬美元，上年同期凈虧損為120萬美元。
2024財年下半年，Non-GAAP 凈虧損[1]為40萬美元，上年同期Non-GAAP 凈利潤為170萬美元。
2024財年下半年，歸屬于華欽科技股東的凈虧損為80萬美元，基本每股虧損和稀釋每股虧損均為0. 03美元，上年同期歸屬于華欽科技股東的凈虧損為110萬美元，基本每股虧損稀釋每股虧損均為0.05美元。
2024財年下半年，歸屬于華欽科技股東的Non-GAAP 凈虧損[2]為40萬美元，基本每股虧損和稀釋每股虧損均為0.02美元，上年同期歸屬于華欽科技股東的Non-GAAP凈利潤為180萬美元，基本每股收益和稀釋每股收益均為0.08美元。
2024財年全年經(jīng)審計的財務數(shù)據(jù)：
收入
2024財年全年，收入從上年同期的1.504億美元減少到1.428億美元，同比下降760萬美元，同比降幅5.0%。收入減少的主要原因是IT咨詢服務需求減少。
按類型分
按業(yè)務分
按地域分
毛利
2024財年全年，毛利從上年同期的3,450萬美元減少到3,290萬美元，同比下降160萬美元，同比降幅4.5%。毛利的減少主要是由于總收入下降。
運營費用
2024財年全年，銷售和市場費用從上年同期的330萬美元增加到460萬美元，同比增長130萬美元，同比增幅38.6%。銷售和市場費用占總收入的比例從上年同期的2.2%增加到3.2%。銷售和市場費用增長的主要原因是為把握業(yè)務增長機遇而增加的銷售人員相關成本。
2024財年全年，研發(fā)費用從上年同期的830萬美元減少到720萬美元，同比下降110萬美元，同比降幅14.2%。研發(fā)費用占總收入的比例從上年同期的5.5%下降至5.0%。研發(fā)費用減少的主要原因是集團對研發(fā)部門進行了戰(zhàn)略調(diào)整。
2024財年全年，管理費用由上年同期的2,160萬美元增加到2,510萬美元，同比增長350萬美元，同比增幅16.1%。管理費用占總收入的比例從上年同期的14.4%增加到17.6%。管理費用增長主要是由于我們對定制IT解決方案服務需求的預期增長，從而建立了集團CDC和GTC所產(chǎn)生的費用。
營業(yè)利潤（虧損）
2024財年全年，營業(yè)虧損為250萬美元，上年同期營業(yè)利潤為7.64萬美元，營業(yè)利潤率從上年同期的0.1%降至-1.8%。
其他收入和費用
2024財年全年，扣除其他費用后的其他收入總計為70萬美元，上年同期扣除其他費用后的其他收入總計為69萬美元。
所得稅費用
2024財年全年，所得稅費用為20萬美元，上年同期所得稅費用為70萬美元。
凈（虧損）利潤和每股收益
2024財年全年，凈虧損為180萬美元，上年同期凈利潤為20萬美元。
2024財年全年，Non-GAAP 凈利潤1從上年同期的500萬美元減少到130萬美元，同比下降370萬美元，同比降幅73.7%。
2024財年全年，歸屬于華欽科技股東的凈虧損為230萬美元，基本每股虧損和稀釋每股虧損均為0.09美元，上年同期歸屬于華欽科技股東的凈利潤為20萬美元，基本每股收益和稀釋每股收益均為0.01美元。
2024財年全年，歸屬于華欽科技股東的Non-GAAP 凈利潤2為80萬美元，基本每股收益和稀釋每股收益均為0.03美元，上年同期歸屬于華欽科技股東的Non-GAAP 凈利潤為510萬美元，基本每股收益和稀釋每股收益均為0.22美元。
現(xiàn)金流
截至2024年6月30日，華欽科技的現(xiàn)金及現(xiàn)金等價物為2,910萬美元，上年同期為2,220萬美元。
截至2024年6月30日的12個月，經(jīng)營活動產(chǎn)生的現(xiàn)金流約為890萬美元，投資活動使用的現(xiàn)金流約為1,230萬美元，融資活動產(chǎn)生的現(xiàn)金流約為1,020萬美元。匯率變化對現(xiàn)金的影響約為-2.85萬美元。華欽科技認為，其目前的現(xiàn)金狀況和運營現(xiàn)金流足以滿足至少未來12個月的預期現(xiàn)金需求。
財務展望
盡管短期內(nèi)我們的業(yè)務受到挑戰(zhàn)，我們?nèi)匀粚﹂L期的業(yè)務發(fā)展充滿信心。對于2025財年，我們預計，考慮到財務數(shù)據(jù)可能受到匯率浮動的影響，以及假定沒有重大收購或重大非經(jīng)常性交易，與2024年財年相比，收入增長約在12%至17%的范圍內(nèi)，Non-GAAP凈利潤增長約在15%至20%的范圍內(nèi)。
這一預測反映了我們目前和初步的觀點，這些觀點可能會發(fā)生變化，也可能受到風險和不確定性的影響，包括但不限于我們在公開文件中說明的我們的業(yè)務和運營面臨的各種風險和不確定性。
匯率
截至2024年6月30日，除所有者權益項目外，資產(chǎn)負債表折算匯率為7.2672元對1.00美元，截至2023年6月30日為7.2513元對1.00美元。權益賬戶按歷史匯率列報。截至2024年6月30日和2023年6月30日，損益表賬戶的平均折算率分別為7.2248元對1.00美元和6.9536元對1.00美元。人民幣相對于美元價值的變化可能會影響我們以美元為單位報告的財務業(yè)績，而不會影響我們業(yè)務或經(jīng)營成果的任何潛在變化。
華欽科技集團公司簡介
華欽科技集團公司總部位于中國香港，是一家領先的全球信息技術（"IT"）咨詢和解決方案服務提供商。主要服務于銀行、財富管理、電子商務、汽車領域的客戶。作為金融科技和金融服務行業(yè)日益壯大的客戶網(wǎng)絡的IT服務提供商，集團已將業(yè)務拓展至核心IT服務之外，進入貸款、電子商務、學術教育和旅游等領域。通過多樣化的業(yè)務布局，華欽科技致力于為客戶提供全面的服務和解決方案。集團目前共擁有20所交付和研發(fā)中心來服務于不同地區(qū)的客戶。集團中國大陸的交付和研發(fā)中心位于上海、北京、大連、天津、西安、成都、廣州、深圳、杭州和海南，集團其余十所國際交付和研發(fā)中心分別位于中國香港、美國、日本、新加坡、馬來西亞、澳大利亞、印度、菲律賓、加拿大和阿聯(lián)酋。有關集團的更多信息，請訪問：https://ir.clpsglobal.com/，或關注華欽科技的官方賬號Facebook, Instagram, LinkedIn, X (formerly Twitter), 和 YouTube。
前瞻性聲明
本新聞稿中的某些陳述屬于經(jīng)修訂的1933年證券法第27A條和經(jīng)修訂的1934年證券交易法第21E條的含義和保護范圍內(nèi)的"前瞻性聲明"。前瞻性聲明包括有關集團信念、計劃、目標、預期、假設、估計、意圖和未來業(yè)績的陳述，并涉及已知和未知的風險，不確定性和其他因素。這可能超出了集團的控制權，可能導致公司的實際業(yè)績、表現(xiàn)、資本、所有權或成就與此類前瞻性聲明中明示或暗示的未來業(yè)績，表現(xiàn)或成就產(chǎn)生重大差異。所有此類前瞻性陳述均適用于此項警示性通知，包括但不限于集團未來增長、表現(xiàn)、成果的預期，集團利用各類商業(yè)、并購、技術等相關機會和舉措的能力，以及集團近期在美國證券交易委員會的報告和備案中描述的風險和不確定性。此類報告可應要求由集團提供，或通過美國證券交易委員會網(wǎng)站 http://www.sec.gov 查詢。集團沒有義務也不承諾在此日期之后或在其他任何此類陳述的相應日期之后更新，修改或更正任何前瞻性聲明。
Non-GAAP財務指標的使用
除了未顯示的合并股東權益變動表、合并現(xiàn)金流量表和附注之外，簡明合并財務信息按照美國公認會計原則（"U.S. GAAP"）編制。集團采用的Non-GAAP營業(yè)利潤（虧損）、Non-GAAP管理費用、Non-GAAP營業(yè)利潤率、歸屬于華欽科技股東的Non-GAAP凈利潤（虧損）以及基本和稀釋的Non-GAAP每股凈收益（虧損），均為Non-GAAP（非公認會計原則）財務指標。Non-GAAP營業(yè)利潤（虧損）是指不包括非現(xiàn)金性股份報酬費用的營業(yè)利潤（虧損）。Non-GAAP管理費用是指不包括非現(xiàn)金性股份報酬費用的管理費用。Non-GAAP營業(yè)利潤率是指非公認會計原則營業(yè)利潤占收入的百分比。歸屬于華欽科技股東的Non-GAAP凈利潤（虧損）是歸屬于華欽科技股東的不包括非現(xiàn)金性股份報酬費用的凈利潤（虧損）。基本和稀釋的Non-GAAP每股凈收益（虧損）是指歸屬于普通股股東的Non-GAAP凈利潤（虧損）除以計算基本和稀釋每股凈收益時使用的加權平均股份數(shù)。集團認為，單獨分析和排除股份報酬費用對非現(xiàn)金的影響，明確了其業(yè)績構(gòu)成部分。集團評價這些Non-GAAP的財務指標和GAAP的財務指標，以便更好地了解其經(jīng)營業(yè)績。集團使用Non-GAAP的財務指標來規(guī)劃、預測和衡量預測結(jié)果。集團認為，Non-GAAP財務指標是投資者和分析師評估其經(jīng)營業(yè)績的有用補充信息，而無需考慮這些在公司經(jīng)營中始終存在的重大經(jīng)常性的非現(xiàn)金性股份報酬費用以及商譽減值的影響。然而，作為一種分析工具，使用Non-GAAP財務指標有著實質(zhì)性的局限性。使用Non-GAAP財務指標的一個局限性是，這些指標不包括影響本期集團凈利潤的所有項目。此外，并非所有公司都以相同的方式計量Non-GAAP財務指標，因此它們可能無法與其他公司使用的其他類似名稱的指標進行比較。鑒于上述限制，您不應將Non-GAAP財務指標與GAAP財務指標分離開看，也不能作為其替代指標。
這些Non-GAAP財務指標的列報不應被視為與根據(jù)GAAP編制和列報的財務信息相分離或作為其替代。集團鼓勵投資者仔細考慮其在GAAP下的業(yè)績，補充的Non-GAAP信息以及這些列報之間的調(diào)整，以更全面地了解其業(yè)務。有關這些Non-GAAP財務指標的更多信息，請參見以下"Reconciliations of Non-GAAP and GAAP Results"。
詳情請聯(lián)系：
華欽科技集團公司
Rhon Galicha
投資者關系辦公室
電話：+86-182-2192-5378
郵箱：ir@clpsglobal.com
[1] "Non-GAAP凈利潤（虧損）"是一種Non-GAAP財務指標，其定義為不包括非現(xiàn)金股份報酬的凈利潤（虧損），詳細信息請參閱"Reconciliation of Non-GAAP and GAAP Results"。
[2] "歸屬于華欽科技股東的Non-GAAP凈利潤（虧損）"是一種Non-GAAP的財務指標，其定義為歸屬于公司股東不包括非現(xiàn)金股份報酬的凈利潤（虧損），詳細信息請參閱"Reconciliation of Non-GAAP and GAAP Results"。
CLPS INCORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in U.S. dollars ("$"), except for number of shares) |
||||||||
As of |
||||||||
June 30, 2024 (Audited) |
December 31, 2023 (Unaudited) |
|||||||
ASSETS |
||||||||
Current assets: |
||||||||
Cash and cash equivalents |
29,116,431 |
35,108,870 |
||||||
Restricted cash |
24,081 |
89,539 |
||||||
Short-term investments |
2,100,000 |
- |
||||||
Accounts receivable, net |
38,779,209 |
39,092,817 |
||||||
Prepayments, deposits and other assets, net |
4,497,578 |
3,279,971 |
||||||
Amounts due from related parties |
3,559,109 |
465,582 |
||||||
Total Current Assets |
$ |
78,076,408 |
$ |
78,036,779 |
||||
Non-Current assets: |
||||||||
Property and equipment, net |
21,168,524 |
21,404,190 |
||||||
Intangible assets, net |
2,254,372 |
689,783 |
||||||
Operating lease right-of-use assets |
2,776,858 |
3,006,854 |
||||||
Goodwill |
1,473,899 |
- |
||||||
Long-term investments |
613,807 |
612,843 |
||||||
Prepayments, deposits and other assets, net |
594,603 |
1,614,426 |
||||||
Amounts due from related parties |
2,374,298 |
422,541 |
||||||
Deferred tax assets, net |
697,047 |
115,975 |
||||||
Total Assets |
$ |
110,029,816 |
$ |
105,903,391 |
||||
LIABILITIES AND SHAREHOLDERS' EQUITY |
||||||||
Current liabilities: |
||||||||
Bank loans |
$ |
23,232,856 |
$ |
15,699,530 |
||||
Accounts payable |
949,137 |
925,425 |
||||||
Accrued expenses and other current liabilities |
799,495 |
379,474 |
||||||
Tax payables |
2,351,615 |
1,860,960 |
||||||
Contract liabilities |
1,139,001 |
1,189,953 |
||||||
Salaries and benefits payable |
9,941,541 |
13,228,752 |
||||||
Operating lease liabilities |
1,361,928 |
1,230,907 |
||||||
Amount due to related parties |
20,230 |
25,344 |
||||||
Total Current Liabilities |
$ |
39,795,803 |
$ |
34,540,345 |
||||
Non-Current liabilities: |
||||||||
Operating lease liabilities |
1,638,243 |
1,906,298 |
||||||
Deferred tax liabilities |
378,344 |
111,057 |
||||||
Unrecognized tax benefit |
3,413,850 |
2,843,667 |
||||||
Other non-current liabilities |
883,963 |
904,793 |
||||||
Total Liabilities |
$ |
46,110,203 |
$ |
40,306,160 |
||||
Commitments and Contingencies |
||||||||
Shareholders' Equity |
||||||||
Common shares, $0.0001 par value, 100,000,000 shares authorized; 25,640,056 shares issued and outstanding as of June 30, 2024; 25,616,056 shares issued and outstanding as of December 31, 2023 |
2,564 |
2,562 |
||||||
Additional paid-in capital |
61,351,200 |
60,914,080 |
||||||
Statutory reserves |
5,553,104 |
5,517,142 |
||||||
(Accumulated deficit) retained earnings |
(51,728) |
826,631 |
||||||
Accumulated other comprehensive losses |
(4,345,902) |
(3,116,935) |
||||||
Total CLPS Incorporation's Shareholders' Equity |
62,509,238 |
64,143,480 |
||||||
Noncontrolling Interests |
1,410,375 |
1,453,751 |
||||||
Total Shareholders' Equity |
63,919,613 |
65,597,231 |
||||||
Total Liabilities and Shareholders' Equity |
$ |
110,029,816 |
$ |
105,903,391 |
||||
CLPS INCORPORATION UNAUDITED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE LOSS (Amounts in U.S. dollars ("$"), except for number of shares) |
||||||||||||
For the six months ended June 30, |
||||||||||||
2024 |
2023 |
|||||||||||
Revenue |
$ |
71,038,525 |
$ |
73,595,728 |
||||||||
Cost of revenue (note 1) |
(53,841,552) |
(57,574,881) |
||||||||||
Gross profit |
17,196,973 |
16,020,847 |
||||||||||
Operating income (expenses): |
||||||||||||
Selling and marketing expenses (note 1) |
(1,849,118) |
(616,480) |
||||||||||
Research and development expenses |
(3,961,031) |
(3,977,785) |
||||||||||
General and administrative expenses (note 1) |
(13,935,384) |
(10,946,729) |
||||||||||
Impairment of goodwill |
- |
(2,382,538) |
||||||||||
Subsidies and other operating income |
926,159 |
635,368 |
||||||||||
Total operating expenses |
(18,819,374) |
(17,288,164) |
||||||||||
Losses from operations |
(1,622,401) |
(1,267,317) |
||||||||||
Other income |
943,448 |
723,695 |
||||||||||
Other expenses |
(358,372) |
(246,662) |
||||||||||
Loss before income tax and share of income in equity investees |
(1,037,325) |
(790,284) |
||||||||||
(Benefit) provision for income taxes |
(176,838) |
489,148 |
||||||||||
Loss before share of income in equity investees |
(860,487) |
(1,279,432) |
||||||||||
Share of income in equity investees, net of tax |
6,632 |
47,686 |
||||||||||
Net loss |
(853,855) |
(1,231,746) |
||||||||||
Less: Net loss attributable to noncontrolling interests |
(11,425) |
(156,845) |
||||||||||
Net loss attributable to CLPS Incorporation's shareholders |
$ |
(842,430) |
$ |
(1,074,901) |
||||||||
Other comprehensive loss |
||||||||||||
Foreign currency translation loss |
$ |
(1,260,918) |
$ |
(2,785,938) |
||||||||
Less: Foreign currency translation loss attributable to noncontrolling interests |
(31,951) |
(57,097) |
||||||||||
Other comprehensive loss attributable to CLPS Incorporation's shareholders |
$ |
(1,228,967) |
$ |
(2,728,841) |
||||||||
Comprehensive loss attributable to |
||||||||||||
CLPS Incorporation's shareholders |
$ |
(2,071,397) |
$ |
(3,803,742) |
||||||||
Comprehensive loss attributable to noncontrolling interests |
(43,376) |
(213,942) |
||||||||||
Comprehensive loss |
$ |
(2,114,773) |
$ |
(4,017,684) |
||||||||
Basic losses per common share |
$ |
(0.03) |
$ |
(0.05) |
||||||||
Weighted average number of share outstanding – basic |
25,619,294 |
23,629,200 |
||||||||||
Diluted losses per common share |
$ |
(0.03) |
$ |
(0.05) |
||||||||
Weighted average number of share outstanding – diluted |
25,619,294 |
23,629,200 |
||||||||||
Note: |
||||||||||||
(1) Includes share-based compensation expenses as follows: Cost of revenues |
5,658 |
5,141 |
||||||||||
Selling and marketing expenses |
82,615 |
68,969 |
||||||||||
General and administrative expenses |
348,850 |
461,114 |
||||||||||
CLPS INCORPORATION RECONCILIATION OF NON-GAAP AND GAAP RESULTS- UNAUDITED (Amounts in U.S. dollars ("$"), except for number of shares) |
||||||||
For the six months ended |
||||||||
June 30, |
||||||||
2024 |
2023 |
|||||||
Cost of revenue |
$ |
(53,841,552) |
$ |
(57,574,881) |
||||
Less: share-based compensation expenses |
(5,658) |
(5,141) |
||||||
Non-GAAP cost of revenue |
$ |
(53,835,894) |
$ |
(57,569,740) |
||||
Selling and marketing expenses |
$ |
(1,849,118) |
$ |
(616,480) |
||||
Less: share-based compensation expenses |
(82,615) |
(68,969) |
||||||
Non-GAAP selling and marketing expenses |
$ |
(1,766,503) |
$ |
(547,511) |
||||
General and administrative expenses |
$ |
(13,935,384) |
$ |
(10,946,729) |
||||
Less: share-based compensation expenses |
(348,850) |
(461,114) |
||||||
Non-GAAP general and administrative expenses |
$ |
(13,586,534) |
$ |
(10,485,615) |
||||
Operating losses |
$ |
(1,622,401) |
$ |
(1,267,317) |
||||
Add: share-based compensation expenses |
437,123 |
535,224 |
||||||
Add: Impairment of goodwill |
- |
2,382,538 |
||||||
Non-GAAP operating (loss) income |
$ |
(1,185,278) |
$ |
1,650,445 |
||||
Operating margin |
(2.3 %) |
(1.7 %) |
||||||
Add: share-based compensation expenses |
0.6 % |
0.7 % |
||||||
Add: Impairment of goodwill |
- |
3.2 % |
||||||
Non-GAAP operating margin |
(1.7 %) |
2.2 % |
||||||
Net losses |
$ |
(853,855) |
$ |
(1,231,746) |
||||
Add: share-based compensation expenses |
437,123 |
535,224 |
||||||
Add: Impairment of goodwill |
- |
2,382,538 |
||||||
Non-GAAP net (loss) income |
$ |
(416,732) |
$ |
1,686,016 |
||||
Net losses attributable to CLPS Incorporation's shareholders |
$ |
(842,430) |
$ |
(1,074,901) |
||||
Add: share-based compensation expenses |
437,123 |
535,224 |
||||||
Add: Impairment of goodwill |
- |
2,382,538 |
||||||
Non-GAAP net (loss) income attributable to CLPS Incorporation's shareholders |
(405,307) |
1,842,861 |
||||||
$ |
$ |
|||||||
Weighted average number of share outstanding used in computing GAAP and non- GAAP basic earnings |
25,619,294 |
23,629,200 |
||||||
GAAP basic losses per common share |
$ |
(0.03) |
$ |
(0.05) |
||||
Add: share-based compensation expenses |
0.01 |
0.13 |
||||||
Non-GAAP basic (losses) earnings per common share |
$ |
(0.02) |
$ |
0.08 |
||||
Weighted average number of share outstanding used in computing GAAP diluted earnings |
25,619,294 |
23,629,200 |
||||||
Weighted average number of share outstanding used in computing non-GAAP diluted earnings |
25,619,294 |
23,629,200 |
||||||
GAAP diluted losses per common share |
$ |
(0.03) |
$ |
(0.05) |
||||
Add: share-based compensation expenses |
0.01 |
0.13 |
||||||
Non-GAAP diluted (losses) earnings per common share |
$ |
(0.02) |
$ |
0.08 |
||||
CLPS INCORPORATION |
|||||
audited CONSOLIDATED BALANCE SHEETS |
|||||
(Amounts in U.S. dollars (“$”), except for number of shares) |
|||||
As of June 30, |
|||||
2024 |
2023 |
||||
ASSETS |
|||||
Current assets: |
|||||
Cash and cash equivalents |
$ |
29,116,431 |
$ |
22,214,029 |
|
Restricted cash |
24,081 |
87,604 |
|||
Short-term investments |
2,100,000 |
- |
|||
Accounts receivable, net |
38,779,209 |
48,515,467 |
|||
Prepayments, deposits and other assets, net |
4,497,578 |
1,665,736 |
|||
Amounts due from related parties |
3,559,109 |
391,271 |
|||
Total Current Assets |
78,076,408 |
72,874,107 |
|||
Non-current assets: |
|||||
Property and equipment, net |
21,168,524 |
20,112,305 |
|||
Intangible assets, net |
2,254,372 |
726,175 |
|||
Goodwill |
1,473,899 |
- |
|||
Operating lease right-of-use assets |
2,776,858 |
815,324 |
|||
Long-term investments |
613,807 |
456,598 |
|||
Prepayments, deposits and other assets, net |
594,603 |
252,656 |
|||
Amounts due from related parties |
2,374,298 |
- |
|||
Deferred tax assets, net |
697,047 |
81,899 |
|||
Total Assets |
$ |
110,029,816 |
$ |
95,319,064 |
|
LIABILITIES AND SHAREHOLDERS’ EQUITY |
|||||
Current liabilities |
|||||
Bank loans |
$ |
23,232,856 |
$ |
10,554,617 |
|
Accounts payable |
949,137 |
690,035 |
|||
Accrued expenses and other current liabilities |
799,495 |
324,021 |
|||
Tax payables |
2,351,615 |
2,503,375 |
|||
Contract liabilities |
1,139,001 |
918,470 |
|||
Salaries and benefits payable |
9,941,541 |
10,586,239 |
|||
Operating lease liabilities |
1,361,928 |
712,302 |
|||
Amounts due to related party |
20,230 |
24,889 |
|||
Total Current Liabilities |
39,795,803 |
26,313,948 |
|||
Non-current liabilities |
|||||
Operating lease liabilities |
1,638,243 |
104,114 |
|||
Unrecognized tax benefits |
3,413,850 |
2,320,918 |
|||
Deferred tax liabilities |
378,344 |
185,382 |
|||
Other non-current liabilities |
883,963 |
885,901 |
|||
Total Liabilities |
46,110,203 |
29,810,263 |
|||
Commitments and Contingencies |
|||||
Shareholders’ Equity |
|||||
Common shares, $0.0001 par value, 100,000,000 shares authorized; 25,640,056 shares issued and outstanding as of June 30, 2024; 23,650,122 shares issued and outstanding as of June 30, 2023 |
2,564 |
2,365 |
|||
Additional paid-in capital |
61,351,200 |
58,183,383 |
|||
Statutory reserves |
5,553,104 |
5,356,828 |
|||
Retained earnings |
(51,728) |
5,029,021 |
|||
Accumulated other comprehensive losses |
(4,345,902) |
(3,990,594) |
|||
Total CLPS Incorporation’s Shareholders’ Equity |
62,509,238 |
64,581,003 |
|||
Noncontrolling Interests |
1,410,375 |
927,798 |
|||
Total Shareholders’ Equity |
63,919,613 |
65,508,801 |
|||
Total Liabilities and Shareholders’ Equity |
$ |
110,029,816 |
$ |
95,319,064 |
|
CLPS INCORPORATION AUDITED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE LOSS (Amounts in U.S. dollars ("$"), except for number of shares) |
||||||||
For the years ended June 30, |
||||||||
2024 |
2023 |
|||||||
Revenue from third parties |
$ |
142,725,554 |
$ |
150,298,963 |
||||
Revenue from related party |
87,172 |
57,576 |
||||||
Cost of revenue from third parties (note 1) |
(109,795,857) |
(115,827,597) |
||||||
Cost of revenue from related party |
(69,738) |
(47,212) |
||||||
Gross profit |
32,947,131 |
34,481,730 |
||||||
Operating income (expenses): |
||||||||
Selling and marketing expenses (note 1) |
(4,573,344) |
(3,300,555) |
||||||
Research and development expenses |
(7,155,949) |
(8,336,999) |
||||||
General and administrative expenses (note 1) |
(25,120,010) |
(21,641,317) |
||||||
Impairment of goodwill |
- |
(2,382,538) |
||||||
Subsidies and other operating income |
1,363,757 |
1,256,070 |
||||||
Total operating expenses |
(35,485,546) |
(34,405,339) |
||||||
(Loss) income from operations |
(2,538,415) |
76,391 |
||||||
Other income |
1,251,465 |
1,123,612 |
||||||
Other expenses |
(556,415) |
(430,357) |
||||||
(Loss) income before income tax and share of income in equity investees |
(1,843,365) |
769,646 |
||||||
Provision for income taxes |
160,725 |
674,344 |
||||||
(Loss) income before share of income in equity investees |
(2,004,090) |
95,302 |
||||||
Share of income in equity investees, net of tax |
156,780 |
70,263 |
||||||
Net (loss) income |
(1,847,310) |
165,565 |
||||||
Less: Net income (loss) attributable to noncontrolling interests |
482,655 |
(26,964) |
||||||
Net (loss) income attributable to CLPS Incorporation's shareholders |
$ |
(2,329,965) |
$ |
192,529 |
||||
Other comprehensive loss |
||||||||
Foreign currency translation loss |
$ |
(355,386) |
$ |
(3,532,507) |
||||
Less: Foreign currency translation loss attributable to noncontrolling interests |
(78) |
(92,161) |
||||||
Other comprehensive loss attributable to CLPS Incorporation's shareholders |
$ |
(355,308) |
$ |
(3,440,346) |
||||
Comprehensive loss attributable to |
||||||||
CLPS Incorporation's shareholders |
$ |
(2,685,273) |
$ |
(3,247,817) |
||||
Comprehensive income (loss) attributable to noncontrolling interests |
482,577 |
(119,125) |
||||||
Comprehensive loss |
$ |
(2,202,696) |
$ |
(3,366,942) |
||||
Basic (losses) earnings per common share |
$ |
(0.09) |
$ |
0.01 |
||||
Weighted average number of share outstanding – basic |
25,213,012 |
23,153,976 |
||||||
Diluted (losses) earnings per common share |
$ |
(0.09) |
$ |
0.01 |
||||
Weighted average number of share outstanding – diluted |
25,213,012 |
23,153,976 |
||||||
Note: |
||||||||
(1) Includes share-based compensation expenses as follows: Cost of revenues |
11,467 |
16,212 |
||||||
Selling and marketing expenses |
275,562 |
129,060 |
||||||
General and administrative expenses |
2,880,987 |
2,333,024 |
||||||
CLPS INCORPORATION RECONCILIATION OF NON-GAAP AND GAAP RESULTS- UNAUDITED (Amounts in U.S. dollars ("$"), except for number of shares) |
||||||||
For the years ended |
||||||||
June 30, |
||||||||
2024 |
2023 |
|||||||
Cost of revenue |
$ |
(109,865,595) |
$ |
(115,874,809) |
||||
Less: share-based compensation expenses |
(11,467) |
(16,212) |
||||||
Non-GAAP cost of revenue |
$ |
(109,854,128) |
$ |
(115,858,597) |
||||
Selling and marketing expenses |
$ |
(4,573,344) |
$ |
(3,300,555) |
||||
Less: share-based compensation expenses |
(275,562) |
(129,060) |
||||||
Non-GAAP selling and marketing expenses |
$ |
(4,297,782) |
$ |
(3,171,495) |
||||
General and administrative expenses |
$ |
(25,120,010) |
$ |
(21,641,317) |
||||
Less: share-based compensation expenses |
(2,880,987) |
(2,333,024) |
||||||
Non-GAAP general and administrative expenses |
$ |
(22,239,023) |
$ |
(19,308,293) |
||||
Operating (loss) income |
$ |
(2,538,415) |
$ |
76,391 |
||||
Add: share-based compensation expenses |
3,168,016 |
2,478,296 |
||||||
Add: Impairment of goodwill |
- |
2,382,538 |
||||||
Non-GAAP operating income |
$ |
629,601 |
$ |
4,937,225 |
||||
Operating margin |
(1.8 %) |
0.1 % |
||||||
Add: share-based compensation expenses and impairment of goodwill |
2.2 % |
3.2 % |
||||||
Non-GAAP operating margin |
0.4 % |
3.3 % |
||||||
Net (loss) income |
$ |
(1,847,310) |
$ |
165,565 |
||||
Add: share-based compensation expenses |
3,168,016 |
2,478,296 |
||||||
Add: Impairment of goodwill |
- |
2,382,538 |
||||||
Non-GAAP net income |
$ |
1,320,706 |
$ |
5,026,399 |
||||
Net (loss) income attributable to CLPS Incorporation's shareholders |
$ |
(2,329,965) |
$ |
192,529 |
||||
Add: share-based compensation expenses |
3,168,016 |
2,478,296 |
||||||
Add: Impairment of goodwill |
- |
2,382,538 |
||||||
Non-GAAP net income attributable to CLPS Incorporation's shareholders |
$ |
838,051 |
$ |
5,053,363 |
||||
Weighted average number of share outstanding used in computing GAAP and non-GAAP basic (losses) earnings |
25,213,012 |
23,153,976 |
||||||
GAAP basic (losses) earnings per common share |
$ |
(0.09) |
$ |
0.01 |
||||
Add: share-based compensation expenses and impairment of goodwill |
0.12 |
0.21 |
||||||
Non-GAAP basic earnings per common share |
$ |
0.03 |
$ |
0.22 |
||||
Weighted average number of share outstanding used in computing GAAP and non-GAAP diluted (losses) earnings |
25,213,012 |
23,153,976 |
||||||
GAAP diluted (losses) earnings per common share |
$ |
(0.09) |
$ |
0.01 |
||||
Add: share-based compensation expenses and impairment of goodwill |
0.12 |
0.21 |
||||||
Non-GAAP diluted earnings per common share |
$ |
0.03 |
$ |
0.22 |
||||
