SPROCOMM INTEL2023中期报告

2023中報INTERIM REPORT CONTENTS目錄 Corporate Information2Business Review and Prospects5Management Discussion and Analysis7Condensed Consolidated Statement of Profit or Loss andOther Comprehensive Income17Condensed Consolidated Statement of Financial Position19Condensed Consolidated Statement of Changes in Equity21Condensed Consolidated Statement of Cash Flows23Notes to the Condensed Consolidated Financial Statements24Other Information46 CORPORATE INFORMATION Board of Directors Executive Directors Mr. Li Chengjun(Chairman and Chief Executive Officer)Mr. Xiong Bin(Vice Chairman)Mr. Guo QinglinMr. Wen Chuanchuan Independent Non-executive Directors Mr. Hung Wai ManMr. Wong Kwan KitMr. Lu Brian Yong ChenMs. Tseng Chin I Committees of the BoardAudit Committee Mr. Wong Kwan Kit(Chairman)Mr. Lu Brian Yong ChenMr. Hung Wai Man Remuneration Committee Mr. Hung Wai Man(Chairman)Mr. Wong Kwan KitMr. Lu Brian Yong ChenMs. Tseng Chin I Nomination Committee Mr. Li Chengjun(Chairman)Mr. Wong Kwan KitMr. Lu Brian Yong ChenMs. Tseng Chin I Company SecretaryMs. Jian Xuegen Authorised Representatives Mr. Xiong BinMs. Jian Xuegen Financial Adviser 89313111A Dakin Capital LimitedSuite 3111A, 31/FTower 2, Lippo Centre89 QueenswayHong Kong Auditor 301801–806 Moore Stephens CPA LimitedCertified Public AccountantsPublic Interest Entity Auditors registered in accordancewith the Financial Reporting Council Ordinance801–806 Silvercord, Tower 130 Canton RoadTsimshatsui, KowloonHong Kong Registered Office in Cayman Islands P.O. Box 31119Grand PavilionHibiscus Way802 West Bay RoadGrand CaymanKY1-1205Cayman Islands P.O. Box 31119Grand PavilionHibiscus Way802 West Bay RoadGrand CaymanKY1-1205Cayman Islands Principal Place of Business and Headquartersin the PRC F1.65D-506 5D-506 F1.6 BlockTianfa BuildingTianan Chegongmiao Industrial ParkFutian DistrictShenzhen, China Place of Business in Hong Kong Unit 702, 7/FGreenfield TowerConcordia Plaza1 Science Museum RoadTsim Sha Tsui EastKowloon, Hong Kong 17702 ICICI Bank Limited Principal Banks CitibankICICI Bank Limited Share Registrars and Transfer OfficesHong Kong 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong Cayman Islands Tricor Services (Cayman Islands) Limited2nd Floor, Century YardCricket Square, P.O. Box 902Grand Cayman, KY1-1103Cayman Islands Tricor Services (Cayman Islands) Limited2nd Floor, Century YardCricket Square, P.O. Box 902Grand Cayman, KY1-1103Cayman Islands SPROCOMM INTEL Stock NameSPROCOMM INTEL 1401 Stock Code1401 www.sprocomm.com Websitewww.sprocomm.com BUSINESS REVIEW AND PROSPECTS The board (the “Board”) of directors (the “Directors”)of Sprocomm Intelligence Limited (the “Company”)announces the unaudited interim consolidated resultsof the Company and its subsidiaries (collectively the“Group”) for the six months ended 30 June 2023 to theshareholders of the Company. Sprocomm Intelligence Limited Business Review ODM During the six months ended 30 June 2023, the Group,as one of the leading ODM mobile phone suppliersbased in China, continued to focus on the researchand development, designing, manufacturing and saleof mobile phones, PCBAs for mobile phones and IoTrelated products, targeting emerging markets. 909.311.3%806.97.811.5%8.7 2023 is a challenging year for many enterprises amideconomic volatility, high inflation, rising interest ratesand weakening consumer confidence. It takes time forthe global economy to gradually recover, and the Grouphas strived its best to improve its financial performanceby developing new products, acquiring new customersand implementing effective cost controls. Revenuedecreased by approximately 11.3% to RMB806.9million for the six months ended 30 June 2023 fromRMB909.3 million for the six months ended 30 June2022. The decrease in revenue was fully offset by theincrease in the amortisation of government subsidies.Overall, the Group achieved satisfactory results for thesix months ended 30 June 2023. Net profit increasedby approximately 11.5% to RMB8.7 million for the sixmonths ended 30 June 2023 from RMB7.8 million forthe six months ended 30 June 2022. Highlights of the unaudited results of the Group for thesix months ended 30 June 2023, as compared to thecorresponding period in 2022, are shown in the followingtable: Outlook and Strategy ODM5G Going forward, China’s ODM mobile phone marketwill be filled with challenges and opportunities.The Directors consider that the rapid roll-out of 5Gtelecommunication network in different parts of theworld will drive the demand for smartphones and IoTrelated products. In order to capture the potential market opportunitiesand maximise the interests of the Company andits shareholders, the Group will adopt a prudentapproach to develop its business and gradually expandits production capacity, enhance its research anddevelopment capability, enrich its product portfolio andincrease its sales and marketing effort to d