香港2023年10月18日 /美通社/ -- 华钦科技集团公司(纳斯达克代码:CLPS,以下简称"华钦科技"或"集团")于今日公布2023下半财年(2023年1月1日至2023年6月30日)及2023全年财务报告(2022年7月1日至2023年6月30日)。
在这一时期,受到美联储利率调整和中国新冠疫情政策变化等各种因素的推动,全球经济格局和国际事务发生了较大变化。这一系列前所未有的事件对宏观和微观经济都产生了影响。
集团业务发展也因此受到直接或间接影响,特别是报告期内人民币对美元的汇率波动对以美元编制的财务报告产生影响。这些挑战为华钦科技提供了宝贵的经验,并增强了有效应对全球经济波动的能力。
此外,华钦科技观察到一些既有客户在预算支出方面逐渐精细化,导致对IT服务的需求暂时减少,特别是在银行和电子商务领域。然而,华钦科技将此视为一个机会,运用企业创新和定制化服务以满足不断变化的客户需求,从而为长期发展和提高市场适应力奠定基础。
对于快速行业发展和经济结构变化所引发的对IT专业人才的需求增加,自然而然地推高了薪酬成本。然而,华钦科技通过其人才培养计划(TCP)和人才发展计划(TDP)积极应对这个问题,TCP和TDP无缝整合了教育、培训和服务交付。不仅缓解了劳动力成本上升的压力,还履行了培养高级人才的承诺。
多年来,华钦科技通过先进技术、广泛研究和对客户需求的了解,强化项目开发,在业内建立了良好的声誉和竞争力,议价能力不断提升。
同2022财年下半年(即截止于2022年6月30日的6个月)财务数据相比,华钦科技 2023财年下半年未经审计的财务数据亮点如下:
同2022财年(即截止于2022年6月30日的12个月)财务数据相比,华钦科技 2023财年全年经审计的财务数据亮点如下:
华钦科技首席执行官林明辉先生表示:"我们2023财年见证了我们IT咨询收入的可观增长,主要受到财富管理和汽车领域增长的推动,分别达到了3,740万美元和1,420万美元。我们不断提升的吸引新客户的能力,为我们的故事打下了基础。"
"本财年的一个亮点成就是海外收入增长了14.6%,从1,410万美元增加到1,620万美元,这主要得益于我们成功的全球扩张计划。特别值得一提的是我们在美国的业务增长,收入从90万美元激增到280万美元,增长了214.6%。我们持续在北美市场进一步扩张,凸显了我们全球增长的雄心。"
"展望未来,我们将抓住中国经济疫后复苏机遇,加强集团在全球影响力。除了我们财年的成就外,我们很高兴庆祝我们在纳斯达克上市的第五个周年。这个里程碑象征着我们的透明、责任和持续增长的承诺。"
"在我们探索未来道路的同时,我们的承诺始终不渝,为客户提供创新解决方案、优质服务和持久价值。在迈向下一个篇章的同时,我们坚定不移地追求卓越和创新。"
华钦科技首席财务官杨瑞女士对此表示:"尽管在一个具有挑战性的行业环境和货币波动的影响下,华钦科技实现了稳定和可持续的财务表现。我们的收入以人民币计增长了6.5%,并在优化费用方面取得了进展。除去因股票价格走低而产生的商誉减值的影响,我们的运营费用在2023财年下半年下降了20.9%,全年下降了4.6%。我们的经营活动产生的净现金流也大幅增长了203.2%,进一步增强了我们捕捉新业务机会和为投资者创造价值的能力。展望未来,我们将继续致力于多元化收入来源,并采取积极的措施为股东创造价值。"
2023财年下半年未经审计的财务数据:
收入
2023财年下半年,收入从上年同期的7,610万美元减少至7,360万美元,同比下降250万美元,同比降幅3.3%。收入下降的主要原因是定制IT解决方案服务收入的下降。
按类型分
按业务分
按地域分
毛利
2023财年下半年,毛利从上年同期的1,870万美元减少到1,600万美元,同比下降270万美元,同比降幅14.2%。毛利减少主要是由于定制IT解决方案需求的减少。
运营费用
2023财年下半年,销售和市场费用从上年同期的180万美元减少到60万美元,同比下降120万美元,同比降幅66.1%。销售和市场费用占总收入的比例从上年同期的2.4%减少至0.8%。销售和市场费用降低的主要原因是由于使用智能自动化解决方案提高了人才招聘的效率,帮助公司减少了与人才招聘过程相关的时间和成本。
2023财年下半年,研发费用从上年同期的380万美元增长到400万美元,同比增加20万美元,同比增幅4.8%。研发费用占总收入的比例从上年同期的5.0%增加至5.4%。研发费用增长的主要原因是与公司正在进行的前沿技术和新项目,如AI生成内容(AIGC),CAKU 2.0和新一代贷款系统的持续研发计划相关联的研发人员相关成本增加。
2023财年下半年,管理费用从上年同期的1,390万美元减少到1,090万美元,同比下降300万美元,同比降幅21.1%。管理费用占总收入的比例从上年同期的18.2%下降至14.9%。管理费用减少主要是由于集团为应对具有挑战性的行业环境而进行了精细化管理,包括降低非现金股份报酬。
营业亏损
2023财年下半年,营业亏损为130万美元,上年同期营业亏损为20万美元。营业利润率从上年同期的-0.2%降至-1.7%。
其他收入和费用
2023财年下半年,扣除其他费用后的其他收入总计为48万美元,上年同期扣除其他费用后的其他收入总计为46万美元。
所得税费用
2023财年下半年,所得税费用从上年同期的220万美元减少到50万美元,同比下降170万美元,所得税费用减少的主要原因是2022财年下半年,集团的实际税率为25.0%,即中国大陆的标准法定企业所得税税率。通过在2023财年更新华钦科技高新技术企业认证,公司享有15.0%的企业所得税优惠税率。
净(亏损)利润和每股收益
2023财年下半年,净亏损为120万美元,上年同期净亏损为190万美元。
2023财年下半年,Non-GAAP 净利润1为170万美元,上年同期Non-GAAP 净利润为280万美元。
2023财年下半年,归属于华钦科技股东的净亏损为110万美元,基本每股亏损和稀释每股亏损均为0. 05美元,上年同期归属于华钦科技股东的净亏损为180万美元,基本每股亏损稀释每股亏损均为0.08美元。
2023财年下半年,归属于华钦科技股东的Non-GAAP 净利润2为180万美元,基本每股收益和稀释每股收益均为0.08美元,上年同期归属于华钦科技股东的Non-GAAP净利润为290万美元,基本每股收益和稀释每股收益均为0.14美元。
2023财年全年经审计的财务数据:
收入
2023财年全年,收入从上年同期的1.52亿美元减少1.504亿美元,同比下降160万美元,同比降幅1.1%。收入减少的主要原因是定制IT解决方案服务需求减少。
按类型分
按业务分
按地域分
毛利
2023财年全年,毛利从上年同期的4,100万美元减少3,450万美元,同比下降650万美元,同比降幅15.9%。 毛利的减少主要是由于IT专业人才的薪酬成本上升。
运营费用
2023财年全年,销售和市场费用从上年同期的410万美元减少到330万美元,同比下降80万美元,同比降幅19.6%。销售和市场费用占总收入的比例从上年同期的2.7%下降至2.2%。销售和市场费用降低的主要原因是由于使用智能自动化解决方案提高了人才招聘的效率,帮助公司减少了与人才招聘过程相关的时间和成本。
2023财年全年,研发费用从上年同期的800万美元增加到830万美元,同比增长30万美元,同比增幅4.6%。研发费用占总收入的比例从上年同期的5.2%增加至5.5%。研发费用增长的主要原因是与公司正在进行的前沿技术和新项目,如AI生成内容(AIGC),CAKU 2.0和新一代贷款系统的持续研发计划相关联的研发人员相关成本增加。
2023财年全年,管理费用由上年同期的2,300万美元减少到2,160万美元,同比下降140万美元,同比降幅6.1%。管理费用占总收入的比例从上年同期的15.2%下降至14.4%。管理费用减少主要是由于集团为应对具有挑战性的行业环境而进行了精细化管理,包括降低非现金股份报酬。
营业利润
2023财年全年,营业利润为7.64万美元,从上年同期为740万美元,营业利润率从上年同期的4.9%降至0.1%。
其他收入和费用
2023财年全年,扣除其他费用后的其他收入总计为70万美元,上年同期扣除其他费用后的其他收入总计为30万美元。
所得税费用
2023财年全年,所得税费用从上年同期的300万美元减少到70万美元,同比下降230万美元,所得税费用增加的主要原因是税前利润的减少,以及在2022财年下半年,集团的实际税率为25.0%,即中国大陆的标准法定企业所得税税率。通过在2023财年更新华钦科技高新技术企业认证,公司享有15.0%的企业所得税优惠税率。
净利润和每股收益
2023财年全年,净利润从上年同期的460万美元减少至17万美元,同比下降440万美元,同比降幅96.4%。
2023财年全年,Non-GAAP 净利润1从上年同期的1,180万美元减少至500万美元,同比下降680万美元,同比降幅57.3%。
2023财年全年,归属于华钦科技股东的净利润为19万美元,基本每股收益和稀释每股收益均为0.01美元,上年同期归属于华钦科技股东的净利润为450万美元,基本每股收益和稀释每股收益均为0.21美元。
2023财年全年,归属于华钦科技股东的Non-GAAP 净利润2为510万美元,基本每股收益和稀释每股收益均为0.22美元,上年同期归属于华钦科技股东的Non-GAAP 净利润为1,160万美元,基本每股收益为0.56美元,稀释每股收益为0.55美元。
现金流
截至2023年6月30日,华钦科技的现金及现金等价物为2,220万美元,上年同期为1,840万美元。
截至2023年6月30日的12个月,经营活动产生的现金流约为970万美元,投资活动使用的现金流约为30万美元,融资活动使用的现金流约为430万美元。汇率变化对现金的影响约为-120万美元。华钦科技认为,其目前的现金状况和运营现金流足以满足至少未来12个月的预期现金需求。
财务展望
尽管短期内我们的业务受到挑战,我们仍然对长期的业务发展充满信心。对于2024财年,我们预计,考虑到财务数据可能受到汇率浮动的影响,以及假定没有重大收购或重大非经常性交易,与2023年财年相比,收入增长约在10%至15%的范围内,Non-GAAP净利润增长约在12%至17%的范围内。
这一预测反映了我们目前和初步的观点,这些观点可能会发生变化,也可能受到风险和不确定性的影响,包括但不限于我们在公开文件中说明的我们的业务和运营面临的各种风险和不确定性。
汇率
截至2023年6月30日,除所有者权益项目外,资产负债表折算汇率为7.2513元对1.00美元,截至2022年6月30日为6.6981元对1.00美元。权益账户按历史汇率列报。截至2023年6月30日和2022年6月30日,损益表账户的平均折算率分别为 6.9536元对1.00美元和6.4554元对1.00美元。人民币相对于美元价值的变化可能会影响我们以美元为单位报告的财务业绩,而不会影响我们业务或经营成果的任何潜在变化。
前瞻性声明
本新闻稿中的某些陈述属于经修订的1933年证券法第27A条和经修订的1934年证券交易法第21E条的含义和保护范围内的"前瞻性声明"。前瞻性声明包括有关集团信念、计划、目标、预期、假设、估计、意图和未来业绩的陈述,并涉及已知和未知的风险,不确定性和其他因素。这可能超出了集团的控制权,可能导致公司的实际业绩、表现、资本、所有权或成就与此类前瞻性声明中明示或暗示的未来业绩,表现或成就产生重大差异。所有此类前瞻性陈述均适用于此项警示性通知,包括但不限于集团未来增长、表现、成果的预期,集团利用各类商业、并购、技术等相关机会和举措的能力,以及集团近期在美国证券交易委员会的报告和备案中描述的风险和不确定性。此类报告可应要求由集团提供,或通过美国证券交易委员会网站 http://www.sec.gov 查询。集团没有义务也不承诺在此日期之后或在其他任何此类陈述的相应日期之后更新,修改或更正任何前瞻性声明。
Non-GAAP财务指标的使用
除了未显示的合并股东权益变动表、合并现金流量表和附注之外,简明合并财务信息按照美国公认会计原则("U.S. GAAP")编制。集团采用的Non-GAAP营业利润、Non-GAAP营业利润率、归属于华钦科技股东的Non-GAAP净利润以及基本和稀释的Non-GAAP每股净收益,均为Non-GAAP(非公认会计原则)财务指标。Non-GAAP营业利润是指不包括非现金性股份报酬费用以及商誉减值的营业利润。Non-GAAP营业利润率是指非公认会计原则营业利润占收入的百分比。归属于华钦科技股东的Non-GAAP净利润是归属于华钦科技股东的不包括非现金性股份报酬费用以及商誉减值的净利润。基本和稀释的Non-GAAP每股净收益是指归属于普通股股东的Non-GAAP净利润除以计算基本和稀释每股净收益时使用的加权平均股份数。集团认为,单独分析和排除股份报酬费用以及商誉减值对非现金的影响,明确了其业绩构成部分。集团评价这些Non-GAAP的财务指标和GAAP的财务指标,以便更好地了解其经营业绩。集团使用Non-GAAP的财务指标来规划、预测和衡量预测结果。集团认为,Non-GAAP财务指标是投资者和分析师评估其经营业绩的有用补充信息,而无需考虑这些在公司经营中始终存在的重大经常性的非现金性股份报酬费用以及商誉减值的影响。然而,作为一种分析工具,使用Non-GAAP财务指标有着实质性的局限性。使用Non-GAAP财务指标的一个局限性是,这些指标不包括影响本期集团净利润的所有项目。此外,并非所有公司都以相同的方式计量Non-GAAP财务指标,因此它们可能无法与其他公司使用的其他类似名称的指标进行比较。鉴于上述限制,您不应将Non-GAAP财务指标与GAAP财务指标分离开看,也不能作为其替代指标。
这些Non-GAAP财务指标的列报不应被视为与根据GAAP编制和列报的财务信息相分离或作为其替代。集团鼓励投资者仔细考虑其在GAAP下的业绩,补充的Non-GAAP信息以及这些列报之间的调整,以更全面地了解其业务。有关这些Non-GAAP财务指标的更多信息,请参见以下"Reconciliations of Non-GAAP and GAAP Results"。
详情请联系:
华钦科技集团公司
Rhon Galicha
投资者关系办公室
电话:+86-182-2192-5378
邮箱:ir@clpsglobal.com
[1] "Non-GAAP净利润"是一种Non-GAAP财务指标,其定义为不包括非现金股份报酬以及商誉减值的净利润,详细信息请参阅"Reconciliation of Non-GAAP and GAAP Results"。 |
[2] "归属于华钦科技股东的Non-GAAP净利润"是一种Non-GAAP的财务指标,其定义为归属于公司股东不包括非现金股份报酬以及商誉减值的净利润,详细信息请参阅"Reconciliation of Non-GAAP and GAAP Results"。 |
CLPS INCORPORATION CONSOLIDATED BALANCE SHEETS (Amounts in U.S. dollars ("$"), except for number of shares) |
|||||||||
As of June 30, |
As of |
||||||||
2023 (Audited) |
2022 (Unaudited) |
||||||||
ASSETS |
|||||||||
Current assets: |
|||||||||
Cash and cash equivalents |
$ |
22,214,029 |
$ |
37,551,244 |
|||||
Restricted cash |
87,604 |
- |
|||||||
Accounts receivable, net |
48,515,467 |
45,048,831 |
|||||||
Prepayments, deposits and other assets, net |
1,665,736 |
2,963,071 |
|||||||
Amounts due from related parties |
391,271 |
429,369 |
|||||||
Total Current Assets |
72,874,107 |
85,992,515 |
|||||||
Non-Current assets: |
|||||||||
Property and equipment, net |
20,112,305 |
20,430,216 |
|||||||
Intangible assets, net |
726,175 |
920,605 |
|||||||
Goodwill |
- |
2,412,933 |
|||||||
Operating lease right-of-use assets |
815,324 |
1,282,906 |
|||||||
Long-term investments |
456,598 |
566,522 |
|||||||
Prepayments, deposits and other assets, net |
252,656 |
289,422 |
|||||||
Deferred tax assets, net |
81,899 |
305,258 |
|||||||
Total Assets |
$ |
95,319,064 |
$ |
112,200,377 |
|||||
LIABILITIES AND SHAREHOLDERS' EQUITY |
|||||||||
Current liabilities: |
|||||||||
Bank loans |
$ |
10,554,617 |
$ |
16,592,357 |
|||||
Accounts payable |
690,035 |
397,437 |
|||||||
Accrued expenses and other current liabilities |
324,021 |
363,782 |
|||||||
Tax payables |
2,503,375 |
2,505,813 |
|||||||
Contract liabilities |
918,470 |
2,247,687 |
|||||||
Salaries and benefits payable |
10,586,239 |
14,928,223 |
|||||||
Operating lease liabilities |
712,302 |
1,033,044 |
|||||||
Amounts due to related party |
24,889 |
37,034 |
|||||||
Total Current Liabilities |
26,313,948 |
38,105,377 |
|||||||
Non-Current liabilities: |
|||||||||
Operating lease liabilities |
104,114 |
375,636 |
|||||||
Deferred tax liabilities |
185,382 |
142,921 |
|||||||
Unrecognized tax benefit |
2,320,918 |
2,271,027 |
|||||||
Other non-current liabilities |
885,901 |
931,383 |
|||||||
TOTAL LIABILITIES |
29,810,263 |
41,826,344 |
|||||||
Commitments and Contingencies |
|||||||||
Shareholders' Equity |
|||||||||
Common stock, $0.0001 par value, 100,000,000 shares |
2,365 |
2,363 |
|||||||
Additional paid-in capital |
58,183,383 |
57,648,162 |
|||||||
Statutory reserves |
5,356,828 |
6,498,218 |
|||||||
Retained earnings |
5,029,021 |
6,138,216 |
|||||||
Accumulated other comprehensive losses |
(3,990,594) |
(1,261,753) |
|||||||
Total CLPS Incorporation Shareholders' Equity |
64,581,003 |
69,025,206 |
|||||||
Noncontrolling Interests |
927,798 |
1,348,827 |
|||||||
Total Shareholders' Equity |
65,508,801 |
70,374,033 |
|||||||
Total Liabilities and Shareholders' Equity |
$ |
95,319,064 |
$ |
112,200,377 |
|||||
CLPS INCORPORATION UNAUDITED CONSOLIDATED statements of INCOME AND COMPREHENSIVE INCOME (Amounts in U.S. dollars ("$"), except for number of shares) |
|||||||||||||||
For the six months ended June 30, |
|||||||||||||||
2023 |
2022 |
||||||||||||||
Revenues |
$ |
73,595,728 |
$ |
76,100,776 |
|||||||||||
Cost of revenues (note 1) |
(57,574,881) |
(57,423,736) |
|||||||||||||
Gross profit |
16,020,847 |
18,677,040 |
|||||||||||||
Operating income (expenses): |
|||||||||||||||
Selling and marketing expenses (note 1) |
(616,480) |
(1,818,662) |
|||||||||||||
Research and development expenses |
(3,977,785) |
(3,795,772) |
|||||||||||||
General and administrative expenses (note 1) |
(10,946,729) |
(13,877,275) |
|||||||||||||
Impairment of goodwill |
(2,382,538) |
- |
|||||||||||||
Subsidies and other operating income |
635,368 |
658,311 |
|||||||||||||
Total operating expenses |
(17,288,164) |
(18,833,398) |
|||||||||||||
Losses from operations |
(1,267,317) |
(156,358) |
|||||||||||||
Other income |
723,695 |
558,546 |
|||||||||||||
Other expenses |
(246,662) |
(100,336) |
|||||||||||||
(Loss) income before income tax and share of income |
(790,284) |
301,852 |
|||||||||||||
Provision for income taxes |
489,148 |
2,181,071 |
|||||||||||||
Losses before share of losses in equity investees |
(1,279,432) |
(1,879,219) |
|||||||||||||
Share of income (loss) in equity investees, net of tax |
47,686 |
(3,215) |
|||||||||||||
Net losses |
(1,231,746) |
(1,882,434) |
|||||||||||||
Less: Net losses attributable to noncontrolling interests |
(156,845) |
(75,398) |
|||||||||||||
Net losses attributable to CLPS Incorporation's |
$ |
(1,074,901) |
$ |
(1,807,036) |
|||||||||||
Other comprehensive losses |
|||||||||||||||
Foreign currency translation losses |
$ |
(2,785,938) |
$ |
(2,328,918) |
|||||||||||
Less: Foreign currency translation losses attributable |
(57,097) |
(63,519) |
|||||||||||||
Other comprehensive losses attributable to CLPS |
$ |
(2,728,841) |
$ |
(2,265,399) |
|||||||||||
Comprehensive losses attributable to |
|||||||||||||||
CLPS Incorporation's shareholders |
$ |
(3,803,742) |
$ |
(4,072,435) |
|||||||||||
Comprehensive losses attributable to noncontrolling |
(213,942) |
(138,917) |
|||||||||||||
Comprehensive losses |
$ |
(4,017,684) |
$ |
(4,211,352) |
|||||||||||
Basic losses per common share |
$ |
(0.05) |
$ |
(0.08) |
|||||||||||
Weighted average number of share outstanding – basic |
23,629,200 |
21,484,828 |
|||||||||||||
Diluted losses per common share |
$ |
(0.05) |
$ |
(0.08) |
|||||||||||
Weighted average number of share outstanding – diluted |
23,629,200 |
21,484,828 |
|||||||||||||
Note: |
|||||||||||||||
(1) Includes share-based compensation expenses as Cost of revenues |
5,141 |
13,983 |
|||||||||||||
Selling and marketing expenses |
68,969 |
55,834 |
|||||||||||||
General and administrative expenses |
461,114 |
4,646,944 |
CLPS INCORPORATION |
||||||||
RECONCILIATION OF NON-GAAP AND GAAP RESULTS (Amounts in U.S. dollars ("$"), except for number of shares)
|
||||||||
For the six months ended |
||||||||
June 30, |
||||||||
2023 |
2022 |
|||||||
(Unaudited) |
(Unaudited) |
|||||||
Cost of revenues |
$ |
(57,574,881) |
$ |
(57,423,736) |
||||
Less: share-based compensation expenses |
(5,141) |
(13,983) |
||||||
Non-GAAP cost of revenues |
$ |
(57,569,740) |
$ |
(57,409,753) |
||||
Selling and marketing expenses |
$ |
(616,480) |
$ |
(1,818,662) |
||||
Less: share-based compensation expenses |
(68,969) |
(55,834) |
||||||
Non-GAAP selling and marketing expenses |
$ |
(547,511) |
$ |
(1,762,828) |
||||
General and administrative expenses |
$ |
(10,946,729) |
$ |
(13,877,275) |
||||
Less: share-based compensation expenses |
(461,114) |
(4,646,944) |
||||||
Non-GAAP general and administrative expenses |
$ |
(10,485,615) |
$ |
(9,230,331) |
||||
Operating losses |
$ |
(1,267,317) |
$ |
(156,358) |
||||
Add: share-based compensation expenses |
535,224 |
4,716,761 |
||||||
Add: Impairment of goodwill |
2,382,538 |
- |
||||||
Non-GAAP operating income |
$ |
1,650,445 |
$ |
4,560,403 |
||||
Operating margin |
(1.7 %) |
(0.2 %) |
||||||
Add: share-based compensation expenses |
0.7 % |
6.2 % |
||||||
Add: Impairment of goodwill |
3.2 % |
- |
||||||
Non-GAAP operating margin |
2.2 % |
6.0 % |
||||||
Net losses |
$ |
(1,231,746) |
$ |
(1,882,434) |
||||
Add: share-based compensation expenses |
535,224 |
4,716,761 |
||||||
Add: Impairment of goodwill |
2,382,538 |
- |
||||||
Non-GAAP net income |
$ |
1,686,016 |
$ |
2,834,327 |
||||
Net losses attributable to CLPS Incorporation's |
$ |
(1,074,901) |
$ |
(1,807,036) |
||||
Add: share-based compensation expenses |
535,224 |
4,716,761 |
||||||
Add: Impairment of goodwill |
2,382,538 |
- |
||||||
Non-GAAP net income attributable to CLPS |
1,842,861 |
2,909,725 |
||||||
$ |
$ |
|||||||
Weighted average number of share |
23,629,200 |
21,484,828 |
||||||
GAAP basic losses per common share |
$ |
(0.05) |
$ |
(0.08) |
||||
Add: share-based compensation expenses |
0.13 |
0.22 |
||||||
Non-GAAP basic earnings per common share |
$ |
0.08 |
$ |
0.14 |
||||
Weighted average number of share |
23,629,200 |
21,484,828 |
||||||
Weighted average number of share |
23,629,200 |
21,522,447 |
||||||
GAAP diluted losses per common share |
$ |
(0.05) |
$ |
(0.08) |
||||
Add: share-based compensation expenses |
0.13 |
0.22 |
||||||
Non-GAAP diluted earnings per common |
$ |
0.08 |
$ |
0.14 |
CLPS INCORPORATION audited CONSOLIDATED BALANCE SHEETS (Amounts in U.S. dollars ("$"), except for number of shares) |
||||||||
As of June 30, |
||||||||
2023 |
2022 |
|||||||
ASSETS |
||||||||
Current assets: |
||||||||
Cash and cash equivalents |
$ |
22,214,029 |
$ |
18,396,987 |
||||
Restricted cash |
87,604 |
- |
||||||
Accounts receivable, net |
48,515,467 |
53,769,887 |
||||||
Prepayments, deposits and other assets, net |
1,665,736 |
4,215,414 |
||||||
Amounts due from related parties |
391,271 |
377,642 |
||||||
Total Current Assets |
72,874,107 |
76,759,930 |
||||||
Non-current assets: |
||||||||
Property and equipment, net |
20,112,305 |
20,601,098 |
||||||
Intangible assets, net |
726,175 |
970,044 |
||||||
Goodwill |
- |
2,363,841 |
||||||
Operating lease right-of-use assets |
815,324 |
- |
||||||
Long-term investments |
456,598 |
610,386 |
||||||
Prepayments, deposits and other assets, net |
252,656 |
248,456 |
||||||
Deferred tax assets, net |
81,899 |
327,040 |
||||||
Total Assets |
$ |
95,319,064 |
$ |
101,880,795 |
||||
LIABILITIES AND SHAREHOLDERS' EQUITY |
||||||||
Current liabilities |
||||||||
Bank loans |
$ |
10,554,617 |
$ |
14,474,363 |
||||
Accounts payable |
690,035 |
343,597 |
||||||
Accrued expenses and other current liabilities |
324,021 |
352,402 |
||||||
Tax payables |
2,503,375 |
2,355,066 |
||||||
Contract liabilities |
918,470 |
587,140 |
||||||
Salaries and benefits payable |
10,586,239 |
12,203,933 |
||||||
Operating lease liabilities |
712,302 |
- |
||||||
Amounts due to related party |
24,889 |
66,884 |
||||||
Total Current Liabilities |
26,313,948 |
30,383,385 |
||||||
Non-current liabilities |
||||||||
Operating lease liabilities |
104,114 |
- |
||||||
Unrecognized tax benefits |
2,320,918 |
2,587,194 |
||||||
Deferred tax liabilities |
185,382 |
150,547 |
||||||
Other non-current liabilities |
885,901 |
959,069 |
||||||
TOTAL LIABILITIES |
29,810,263 |
34,080,195 |
||||||
Commitments and Contingencies |
||||||||
Shareholders' Equity |
||||||||
Common stock, $0.0001 par value, 100,000,000 shares |
2,365 |
2,244 |
||||||
Additional paid-in capital |
58,183,383 |
55,705,209 |
||||||
Statutory reserves |
5,356,828 |
5,071,876 |
||||||
Retained earnings |
5,029,021 |
6,323,792 |
||||||
Accumulated other comprehensive losses |
(3,990,594) |
(550,248) |
||||||
Total CLPS Incorporation's Shareholders' Equity |
64,581,003 |
66,552,873 |
||||||
Noncontrolling Interests |
927,798 |
1,247,727 |
||||||
Total Shareholders' Equity |
65,508,801 |
67,800,600 |
||||||
Total Liabilities and Shareholders' Equity |
$ |
95,319,064 |
$ |
101,880,795 |
CLPS INCORPORATION AUDITED CONSOLIDATED statements of INCOME AND COMPREHENSIVE INCOME (Amounts in U.S. dollars ("$"), except for number of shares) |
||||||||
For the years ended June 30, |
||||||||
2023 |
2022 |
|||||||
Revenue from third parties |
$ |
150,298,963 |
$ |
151,970,357 |
||||
Revenue from related parties |
57,576 |
52,024 |
||||||
Cost of revenue from third parties (note 1) |
(115,827,597) |
(110,989,394) |
||||||
Cost of revenue from related parties |
(47,212) |
(43,951) |
||||||
Gross profit |
34,481,730 |
40,989,036 |
||||||
Operating income (expenses): |
||||||||
Selling and marketing expenses (note 1) |
(3,300,555) |
(4,103,066) |
||||||
Research and development expenses |
(8,336,999) |
(7,971,145) |
||||||
General and administrative expenses (note 1) |
(21,641,317) |
(23,045,664) |
||||||
Impairment of goodwill |
(2,382,538) |
- |
||||||
Subsidies and other operating income |
1,256,070 |
1,536,394 |
||||||
Total operating expenses |
(34,405,339) |
(33,583,481) |
||||||
Income from operations |
76,391 |
7,405,555 |
||||||
Other income |
1,123,612 |
854,250 |
||||||
Other expenses |
(430,357) |
(575,605) |
||||||
Income before income tax and share of income in |
769,646 |
7,684,200 |
||||||
Provision for income taxes |
674,344 |
3,045,992 |
||||||
Income before share of income in equity investees |
95,302 |
4,638,208 |
||||||
Share of income (loss) in equity investees, net of tax |
70,263 |
(50,297) |
||||||
Net income |
165,565 |
4,587,911 |
||||||
Less: Net (loss) income attributable to noncontrolling |
(26,964) |
132,483 |
||||||
Net income attributable to CLPS Incorporation's |
$ |
192,529 |
$ |
4,455,428 |
||||
Other comprehensive income (loss) |
||||||||
Foreign currency translation losses |
$ |
(3,532,507) |
$ |
(1,828,542) |
||||
Less: Foreign currency translation losses attributable |
(92,161) |
(48,211) |
||||||
Other comprehensive losses attributable to CLPS |
$ |
(3,440,346) |
$ |
(1,780,331) |
||||
Comprehensive (loss) income attributable to |
||||||||
CLPS Incorporation's shareholders |
$ |
(3,247,817) |
$ |
2,675,097 |
||||
Comprehensive (loss) income attributable to |
(119,125) |
84,272 |
||||||
Comprehensive (loss) income |
$ |
(3,366,942) |
$ |
2,759,369 |
||||
Basic earnings per common share |
$ |
0.01 |
$ |
0.21 |
||||
Weighted average number of share outstanding – |
23,153,976 |
20,924,683 |
||||||
Diluted earnings per common share |
$ |
0.01 |
$ |
0.21 |
||||
Weighted average number of share outstanding – |
23,153,976 |
21,057,063 |
||||||
Note: |
||||||||
(1) Includes share-based compensation expenses Cost of revenues |
16,212 |
36,906 |
||||||
Selling and marketing expenses |
129,060 |
165,209 |
||||||
General and administrative expenses |
2,333,024 |
6,982,747 |
CLPS INCORPORATION |
||||||||
RECONCILIATION OF NON-GAAP AND GAAP RESULTS (Amounts in U.S. dollars ("$"), except for number of shares)
|
||||||||
For the years ended |
||||||||
June 30, |
||||||||
2023 |
2022 |
|||||||
(Audited) |
(Audited) |
|||||||
Cost of revenues |
$ |
(115,874,809) |
$ |
(111,033,345) |
||||
Less: share-based compensation expenses |
(16,212) |
(36,906) |
||||||
Non-GAAP cost of revenues |
$ |
(115,858,597) |
$ |
(110,996,439) |
||||
Selling and marketing expenses |
$ |
(3,300,555) |
$ |
(4,103,066) |
||||
Less: share-based compensation expenses |
(129,060) |
(165,209) |
||||||
Non-GAAP selling and marketing expenses |
$ |
(3,171,495) |
$ |
(3,937,857) |
||||
General and administrative expenses |
$ |
(21,641,317) |
$ |
(23,045,664) |
||||
Less: share-based compensation expenses |
(2,333,024) |
(6,982,747) |
||||||
Non-GAAP general and administrative |
$ |
(19,308,293) |
$ |
(16,062,917) |
||||
Operating income |
$ |
76,391 |
$ |
7,405,555 |
||||
Add: share-based compensation expenses |
2,478,296 |
7,184,862 |
||||||
Add: Impairment of goodwill |
2,382,538 |
- |
||||||
Non-GAAP operating income |
$ |
4,937,225 |
$ |
14,590,417 |
||||
Operating margin |
0.1 % |
4.9 % |
||||||
Add: share-based compensation expenses |
3.2 % |
4.7 % |
||||||
Non-GAAP operating margin |
3.3 % |
9.6 % |
||||||
Net income |
$ |
165,565 |
$ |
4,587,911 |
||||
Add: share-based compensation expenses |
2,478,296 |
7,184,862 |
||||||
Add: Impairment of goodwill |
2,382,538 |
- |
||||||
Non-GAAP net income |
$ |
5,026,399 |
$ |
11,772,773 |
||||
Net income attributable to CLPS Incorporation's |
$ |
192,529 |
$ |
4,455,428 |
||||
Add: share-based compensation expenses |
2,478,296 |
7,184,862 |
||||||
Add: Impairment of goodwill |
2,382,538 |
- |
||||||
Non-GAAP net income attributable to CLPS |
$ |
5,053,363 |
$ |
11,640,290 |
||||
Weighted average number of share outstanding |
23,153,976 |
20,924,683 |
||||||
GAAP basic earnings per common share |
$ |
0.01 |
$ |
0.21 |
||||
Add: share-based compensation expenses |
0.21 |
0.35 |
||||||
Non-GAAP basic earnings per common share |
$ |
0.22 |
$ |
0.56 |
||||
Weighted average number of share outstanding |
23,153,976 |
21,057,063 |
||||||
GAAP diluted earnings per common share |
$ |
0.01 |
$ |
0.21 |
||||
Add: share-based compensation expenses |
0.21 |
0.34 |
||||||
Non-GAAP diluted earnings per common share |
$ |
0.22 |
$ |
0.55 |
||||