香港2024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2024下半财年（2024年1月1日至2024年6月30日）及2024全年财务报告（2023年7月1日至2024年6月30日）。
2024财年期间，面对全球经济的不确定性和全行业裁员潮等不利因素带来的挑战，但华钦科技依然展现出了发展韧性和战略眼光。为应对各类复杂局势，集团积极调整业务运营，为持续增长做好准备。此外，长期实施的"双引擎"发展战略，既强调全球影响力扩张，同时也向新行业领域多元化发展，对于华钦科技实现既定目标也至关重要。同时，对于先进IT服务和专业人才的需求依然保持日益增长，提供了有利环境，使得华钦科技能够积极抓住国际商业机会，推进未来成功。
同2023财年下半年（即截止于2023年6月30日的6个月）财务数据相比，华钦科技 2024财年下半年未经审计的财务数据亮点如下：
同2023财年（即截止于2023年6月30日的12个月）财务数据相比，华钦科技 2024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："尽管本财年的财务业绩未能达到最初预期，但我为华钦科技团队在应对充满挑战的市场环境中所展现出的坚韧和灵活性感到自豪。由于一些客户的战略调整，我们面临逆风，但我们采取积极措施规避潜在损失，并为长期增长做好准备。"
"我们致力于为客户提供卓越的服务，这使得我们能够在保持客户忠诚度的基础上开拓新的业务。此外，我们还战略收购了新加坡学习机构CAE，以及Shell Infotech Pte. Ltd. 及其全资子公司 Shell Infotech Consulting Sdn. Bhd.，进一步巩固了我们在东南亚地区IT服务领域的地位，同时拓展了业务能力和市场范围。我们通过并购活动进入贷款、电子商务、旅游和教育等相关领域，实现了多元化，使推动增长的业务能力得到增强和补充。"
"在数字化转型加速、远程办公广泛采用以及企业对灵活高效IT基础设施日益重视等因素的推动下，市场对IT解决方案的需求预计将激增。我们在本财年期间建立了中国开发中心（"CDC"）和全球测试中心（"GTC"），这些举措将在未来帮助我们在不断发展的IT技术领域中保持竞争优势。"
"展望未来，我们将继续致力于为股东创造长期价值。通过卓越运营、财务纪律和战略增长，我们有信心应对未来的挑战，并把握新的市场机遇。"
华钦科技首席财务官杨瑞女士对此表示："全球扩张战略是我们本财年的重点之一，来自中国大陆以外地区的收入增长了37.9%。其中，亚太地区业务表现出显著增长，在新加坡、中国香港和日本的业务分别大幅增长25.8%、44.9%和122.5%。在北美地区，加拿大地区的业务得到了加强，美国地区的业务收入增长了57.2%，这得益于知名度提高、战略招聘和市场需求提升。此外，我们最近在阿联酋迪拜的扩张进一步拓展了全球足迹，并在蓬勃发展的中东市场开辟了新的机会。这些成就彰显了我们的团队实力、商业价值以及全球战略的有效性。"
"在过去的三个财年中，由于对现金流管理的重视，我们产生了持续正向的经营现金流。在本财年，我们将应收账款周转天数从123天缩短到111天，提升了资金流动性，使未来的投资和业务扩张成为可能。"
2024财年下半年未经审计的财务数据：
收入
2024财年下半年，收入从上年同期的7,360万美元减少到7,100万美元，同比下降260万美元，同比降幅3.5%。收入下降的主要原因是IT咨询服务收入的下降。
按类型分
按业务分
按地域分
毛利
2024财年下半年，毛利从上年同期的1,600万美元增长到1,720万美元，同比增长120万美元，同比增幅7.3%。毛利增加主要是由于为应对总收入减少而对销售成本进行积极优化。
运营费用
2024财年下半年，销售和市场费用从上年同期的60万美元增长到180万美元，同比增加120万美元，同比增幅199.9%。销售和市场费用占总收入的比例从上年同期的0.8%增加到2.6%。销售和市场费用增长的主要原因是为把握业务增长机遇而增加的销售人员相关成本。
2024财年下半年，研发费用从上年同期的398万美元减少到396万美元，同比下降2万美元，同比降幅0.4%。研发费用占总收入的比例从上年同期的5.4%增加到5.6%。与去年同期相比，研发费用基本持平。
2024财年下半年，管理费用从上年同期的1,090万美元增长到1,390万美元，同比增加300万美元，同比增幅27.3%。管理费用占总收入的比例从上年同期的14.9%增加到19.6%。管理费用增长主要是由于我们对定制IT解决方案服务需求的预期增长，从而建立了集团CDC和GTC所产生的费用。
营业亏损
2024财年下半年，营业亏损为160万美元，上年同期营业亏损为130万美元。营业利润率从上年同期的-1.7%降至-2.3%。
其他收入和费用
2024财年下半年，扣除其他费用后的其他收入总计为60万美元，上年同期扣除其他费用后的其他收入总计为50万美元。
所得税（费用）收入
2024财年下半年，所得税收入为20万美元，上年同期的所得税费用为50万美元。
净（亏损）利润和每股收益
2024财年下半年，净亏损为90万美元，上年同期净亏损为120万美元。
2024财年下半年，Non-GAAP 净亏损[1]为40万美元，上年同期Non-GAAP 净利润为170万美元。
2024财年下半年，归属于华钦科技股东的净亏损为80万美元，基本每股亏损和稀释每股亏损均为0. 03美元，上年同期归属于华钦科技股东的净亏损为110万美元，基本每股亏损稀释每股亏损均为0.05美元。
2024财年下半年，归属于华钦科技股东的Non-GAAP 净亏损[2]为40万美元，基本每股亏损和稀释每股亏损均为0.02美元，上年同期归属于华钦科技股东的Non-GAAP净利润为180万美元，基本每股收益和稀释每股收益均为0.08美元。
2024财年全年经审计的财务数据：
收入
2024财年全年，收入从上年同期的1.504亿美元减少到1.428亿美元，同比下降760万美元，同比降幅5.0%。收入减少的主要原因是IT咨询服务需求减少。
按类型分
按业务分
按地域分
毛利
2024财年全年，毛利从上年同期的3,450万美元减少到3,290万美元，同比下降160万美元，同比降幅4.5%。毛利的减少主要是由于总收入下降。
运营费用
2024财年全年，销售和市场费用从上年同期的330万美元增加到460万美元，同比增长130万美元，同比增幅38.6%。销售和市场费用占总收入的比例从上年同期的2.2%增加到3.2%。销售和市场费用增长的主要原因是为把握业务增长机遇而增加的销售人员相关成本。
2024财年全年，研发费用从上年同期的830万美元减少到720万美元，同比下降110万美元，同比降幅14.2%。研发费用占总收入的比例从上年同期的5.5%下降至5.0%。研发费用减少的主要原因是集团对研发部门进行了战略调整。
2024财年全年，管理费用由上年同期的2,160万美元增加到2,510万美元，同比增长350万美元，同比增幅16.1%。管理费用占总收入的比例从上年同期的14.4%增加到17.6%。管理费用增长主要是由于我们对定制IT解决方案服务需求的预期增长，从而建立了集团CDC和GTC所产生的费用。
营业利润（亏损）
2024财年全年，营业亏损为250万美元，上年同期营业利润为7.64万美元，营业利润率从上年同期的0.1%降至-1.8%。
其他收入和费用
2024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69万美元。
所得税费用
2024财年全年，所得税费用为20万美元，上年同期所得税费用为70万美元。
净（亏损）利润和每股收益
2024财年全年，净亏损为180万美元，上年同期净利润为20万美元。
2024财年全年，Non-GAAP 净利润1从上年同期的500万美元减少到130万美元，同比下降370万美元，同比降幅73.7%。
2024财年全年，归属于华钦科技股东的净亏损为230万美元，基本每股亏损和稀释每股亏损均为0.09美元，上年同期归属于华钦科技股东的净利润为20万美元，基本每股收益和稀释每股收益均为0.01美元。
2024财年全年，归属于华钦科技股东的Non-GAAP 净利润2为80万美元，基本每股收益和稀释每股收益均为0.03美元，上年同期归属于华钦科技股东的Non-GAAP 净利润为510万美元，基本每股收益和稀释每股收益均为0.22美元。
现金流
截至2024年6月30日，华钦科技的现金及现金等价物为2,910万美元，上年同期为2,220万美元。
截至2024年6月30日的12个月，经营活动产生的现金流约为890万美元，投资活动使用的现金流约为1,230万美元，融资活动产生的现金流约为1,020万美元。汇率变化对现金的影响约为-2.85万美元。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2025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2024年财年相比，收入增长约在12%至17%的范围内，Non-GAAP净利润增长约在15%至20%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2024年6月30日，除所有者权益项目外，资产负债表折算汇率为7.2672元对1.00美元，截至2023年6月30日为7.2513元对1.00美元。权益账户按历史汇率列报。截至2024年6月30日和2023年6月30日，损益表账户的平均折算率分别为7.2248元对1.00美元和6.9536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。
华钦科技集团公司简介
华钦科技集团公司总部位于中国香港，是一家领先的全球信息技术（"IT"）咨询和解决方案服务提供商。主要服务于银行、财富管理、电子商务、汽车领域的客户。作为金融科技和金融服务行业日益壮大的客户网络的IT服务提供商，集团已将业务拓展至核心IT服务之外，进入贷款、电子商务、学术教育和旅游等领域。通过多样化的业务布局，华钦科技致力于为客户提供全面的服务和解决方案。集团目前共拥有20所交付和研发中心来服务于不同地区的客户。集团中国大陆的交付和研发中心位于上海、北京、大连、天津、西安、成都、广州、深圳、杭州和海南，集团其余十所国际交付和研发中心分别位于中国香港、美国、日本、新加坡、马来西亚、澳大利亚、印度、菲律宾、加拿大和阿联酋。有关集团的更多信息，请访问：https://ir.clpsglobal.com/，或关注华钦科技的官方账号Facebook, Instagram, LinkedIn, X (formerly Twitter), 和 YouTube。
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（亏损）、Non-GAAP管理费用、Non-GAAP营业利润率、归属于华钦科技股东的Non-GAAP净利润（亏损）以及基本和稀释的Non-GAAP每股净收益（亏损），均为Non-GAAP（非公认会计原则）财务指标。Non-GAAP营业利润（亏损）是指不包括非现金性股份报酬费用的营业利润（亏损）。Non-GAAP管理费用是指不包括非现金性股份报酬费用的管理费用。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（亏损）是归属于华钦科技股东的不包括非现金性股份报酬费用的净利润（亏损）。基本和稀释的Non-GAAP每股净收益（亏损）是指归属于普通股股东的Non-GAAP净利润（亏损）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（亏损）"是一种Non-GAAP财务指标，其定义为不包括非现金股份报酬的净利润（亏损），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（亏损）"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的净利润（亏损），详细信息请参阅"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 |
||||
