香港2022年10月20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2022下半财年(2022年1月1日至2022年6月30日)及2022全年财务报告(2021年7月1日至2022年6月30日)。
同2021财年下半年(即截止于2021年6月30日的6个月)财务数据相比,华钦科技 2022财年下半年未经审计的财务数据亮点如下:
同2021财年(即截止于2021年6月30日的12个月)财务数据相比,华钦科技 2022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:"2022财年,由于双引擎战略的成功实施,我们继续取得良好业绩。在IT咨询服务方面,我们保持核心竞争力优势,助力客户通过促进数字化转型等方式取得业务发展。展望未来,我们将继续提高IT咨询服务质量,包括扩大离岸交付中心(ODC),为满足全球各地客户的特定需求,提供专业且更富灵活性的IT服务。"
"在以往的财报中,我们为进一步提高财务业绩,提出加强定制IT解决方案服务的计划。对此,我们在创新和业务发展方面取得了重大进展,为中国一家知名银行成功交付了数字人民币项目。在新财年里,我们将继续致力于先进的IT产品和解决方案。"
"随着全球交付网络的不断扩大,我们不仅能更好地服务原有的国际客户,也积极开拓新客户,这些都促进了海外收入的增长。本财年,海外收入中来自美国的营收尤为突出,同比增长2,443.1%,达到90万美元。我相信,我们的合作伙伴和世界级的领导团队将抓住重要机遇,加快推进华钦科技在全球市场的增长。"
"整体而言,我们在本财年取得了业务的持续增长,营收也再创新高。尽管当前的宏观环境,如疫情反复导致中国部分城市封控对业务造成一定挑战,但我们始终把握关键发展要点,提高运营效率,满足客户需求,实现盈利并保证增长战略的实施。"
"我们在把握眼前巨大机遇的同时,也注重兼顾短期和长期的可持续增长和盈利能力。我们不仅会继续保持银行领域IT服务的传统优势,还将对有潜力成为主要收入来源的财富管理领域增加投入。为了实现既定目标,我们将通过精简增长战略和持续创新能力,不断提升为股东带来的价值。"
华钦科技首席财务官杨瑞女士对此表示:"我们在2022财年的业绩表现体现了优异的财务韧性:营收实现同比增长20.6%,以及健康的盈利能力和正向的运营现金流。我们一贯坚持的双引擎增长战略继续推动收入增长,IT咨询服务和定制IT解决方案服务分别增长17.8%和115.2%。总体而言,虽然2022财年对我们来说充满挑战,但我们依然高兴地看见,业务持续保持增长势头。"
2022财年下半年未经审计的财务数据:
收入
2022财年下半年,收入从上年同期的6,770万美元增至7,610万美元,同比增长840万美元,同比增幅12.3%。收入增加的主要原因是IT咨询服务和定制IT解决方案服务收入增加。
按类型分
按业务分
按地域分
毛利
2022财年下半年,毛利从上年同期的2,170万美元减少到1,870万美元,同比下降300万美元,同比降幅13.9%。毛利减少主要是由于新冠疫情反复导致业务相关城市(如中国上海)封控,以及与之相关的预防成本的增加。
运营费用
2022财年下半年,销售和市场费用从上年同期的200万美元减少到180万美元,同比下降20万美元,同比降幅7.2%。销售和市场费用占总收入的比例从上年同期的2.9%减少至2.4%。销售和市场费用降低的主要原因是由于受封控影响的中国大陆城市商务活动减少。
2022财年下半年,研发费用从上年同期的720万美元减少到380万美元,同比下降340万美元,同比降幅47.1%。研发费用占总收入的比例从上年同期的10.6%减少至5.0%。研发费用下降的主要原因是为满足需求增长,对研发人员结构进行优化,将部分人员转移至IT服务交付。
2022财年下半年,管理费用从上年同期的1,020万美元增加到1,390万美元,同比增长370万美元,同比增幅36.6%。管理费用占总收入的比例从上年同期的15.0%增加至18.2%。管理费用增加主要是由于推进海外市场扩张聘请高级管理人员,非现金股份报酬、员工逐年工资增长以及在中国香港和新加坡购置固定资产导致的折旧和摊销费用的增加。
营业(亏损)利润
2022财年下半年,营业亏损为20万美元,上年同期营业利润为340万美元。营业利润率从上年同期的5.1%降至-0.2%。营业利润减少主要是由于新冠疫情反复导致业务相关城市(如中国上海)封控以及与之相关的预防成本增加,为推进海外市场扩张聘请高级管理人员,以及非现金股份报酬的增加。
其他收入和费用
2022财年下半年,扣除其他费用后的其他收入总计为50万美元,上年同期扣除其他收入后的其他费用总计为20万美元。
所得税费用
2022财年下半年,所得税费用从上年同期的120万美元增加到220万美元,同比增加100万美元,所得税费用增加的主要原因是较高的实际税率,即中国大陆标准法定企业所得税税率25.0%,下财年高新技术企业认证更新后,我们将享受15.0%的企业所得税优惠率。
净(亏损)利润和每股收益
2022财年下半年,净亏损为190万美元,上年同期净利润为210万美元。
2022财年下半年,Non-GAAP 净利润[4]从上年同期的570万美元减少至280万美元,同比下降290万美元,同比降幅50.5%。
2022财年下半年,归属于华钦科技股东的净亏损为180万美元,基本每股亏损和稀释每股亏损均为0. 08美元,上年同期归属于华钦科技股东的净利润为200万美元,基本每股收益为0.11美元,稀释每股收益为0.10美元。
2022财年下半年,归属于华钦科技股东的Non-GAAP 净利润[5]为290万美元,基本每股收益和稀释每股收益均为0.14美元,上年同期归属于华钦科技股东的Non-GAAP净利润为560万美元,基本每股收益为0.30美元,稀释每股收益为0.29美元。
2022财年全年经审计的财务数据:
收入
2022财年全年,收入从上年同期的1.261亿美元增至1.520亿美元,同比增长2,590万美元,同比增幅20.6%。收入增加的主要原因是IT咨询服务和定制IT解决方案服务收入增加。
按类型分
按业务分
按地域分
毛利
2022财年全年,毛利从上年同期的4,020万美元增至4,100万美元,同比增长80万美元,同比增幅2.0%。
运营费用
2022财年全年,销售和市场费用从上年同期的380万美元上升为410万美元,同比增长30万美元,同比增幅9.3%。销售和市场费用增长的主要原因是由于销售和市场人员薪资的逐年增长。2022财年全年,销售和市场费用占总收入的比例从上年同期的3.0%减少至2.7%。销售和市场费用占总收入比例下降反映了由于规模效应所带来的运营效率提升。
2022财年全年,研发费用从上年同期的1,330万美元减少到800万美元,同比下降530万美元,同比降幅40.2%。研发费用占总收入的比例从上年同期的10.6%减少至5.2%。研发费用下降的主要原因是为满足客户需求增长,对研发人员结构进行优化,将部分人员转移至IT服务交付。
2022财年全年,管理费用由上年同期的1,680万美元增加到2,300万美元,同比增长620万美元,同比增幅37.3%。管理费用占总收入的比例从上年同期的13.3%增加至15.2%。管理费用增加主要是由于推进海外市场扩张聘请高级管理人员,非现金股份报酬、员工逐年工资增长以及在中国香港和新加坡购置固定资产导致的折旧和摊销费用的增加。
营业利润
2022财年全年,营业利润从上年同期的840万美元减少至740万美元,同比下降100万美元,同比降幅11.6%,营业利润率从上年同期的6.6%降至4.9%。营业利润减少主要是由于新冠疫情反复导致业务相关城市(如中国上海)封控以及与之相关的预防成本增加,为推进海外市场扩张聘请高级管理人员,以及非现金股份报酬的增加。
其他收入和费用
2022财年全年,扣除其他费用后的其他收入总计为30万美元,上年同期扣除其他收入后的其他费用总计为10万美元。
所得税费用
2022财年全年,所得税费用从上年同期的130万美元增加到300万美元,同比增加170万美元,所得税费用增加的主要原因是较高的实际税率,即中国大陆标准法定企业所得税税率25.0%,下财年高新技术企业认证更新后,我们将享受15.0%的企业所得税优惠率。
净利润和每股收益
2022财年全年,净利润从上年同期的700万美元减少至460万美元,同比下降240万美元,同比降幅34.6%。
2022财年全年,Non-GAAP 净利润[4]从上年同期的1,210万美元减少至1,180万美元,同比下降30万美元,同比降幅3.1%。
2022财年全年,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,上年同期归属于华钦科技股东的净利润为680万美元,基本每股收益和稀释每股收益均为0.39美元。
2022财年全年,归属于华钦科技股东的Non-GAAP 净利润[5]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,上年同期归属于华钦科技股东的Non-GAAP 净利润为1,190万美元,基本每股收益为0.69美元,稀释每股收益为0.68美元。
现金流
截至2022年6月30日,华钦科技的现金及现金等价物为1,840万美元,上年同期为2,470万美元。
截至2022年6月30日的12个月,经营活动产生的现金流约为320万美元,投资活动使用的现金流约为1,630万美元,融资活动产生的现金流约为750万美元。汇率变化对现金的影响约为-70万美元。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2023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2022年财年相比,收入增长约在20%至25%的范围内,Non-GAAP净利润增长约在22%至27%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2022年6月30日,除所有者权益项目外,资产负债表折算汇率为6.6981元对1.00美元,截至2021年6月30日为6.4566元对1.00美元。权益账户按历史汇率列报。截至2022年6月30日和2021年6月30日,损益表账户的平均折算率分别为6.4554元对1.00美元和6.6212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。
财报电话会议信息
华钦科技将于2022年10月20日美国东部时间上午8:30(北京时间当日晚上8:30)召开电话会议,讨论2022财年下半年及全年业绩财报,参加电话会议请通过以下号码拨入:
美国(免费): |
+1-888-204-4368 |
美国本地/国际: |
+1-323-794-2588 |
中国大陆: |
400 613 7997 |
中国香港: |
800 938 765 |
此外,参会者可通过此链接访问电话会议网络直播,届时,华钦科技的投资者关系网站https://ir.clpsglobal.com/也将提供网络直播地址。
该电话会议将提供重播,收听有效期截止2022年11月3日。收听重播的拨号方式详情如下:
美国(免费): |
+1-844-512-2921 |
美国本地/国际: |
+1-412-317-6671 |
密码: |
6928331 |
华钦科技集团公司简介
华钦科技集团公司(纳斯达克股票代码:CLPS)总部位于中国香港,是一家专注于银行、保险和金融领域领先的信息技术("IT")咨询和解决方案服务提供商。集团一直担任 IT 解决方案提供商,服务于全球金融行业不断增长的客户,其中包括美国、欧洲、澳大利亚、中国香港和东南亚的大型金融机构及其在中国的IT研发中心。集团目前共拥有19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,集团其余九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、菲律宾和越南。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,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、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股份补偿费用的营业利润。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股份补偿费用的净利润。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补偿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股份补偿费用的影响。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营业利润"是一种Non-GAAP财务指标,其定义为不包括非现金股份报酬的营业利润,详细信息请参阅"Reconciliation of Non-GAAP and GAAP Results"。 |
[2] "EBITDA"为税息折旧及摊销前利润。 |
[3] "Non-GAAP EBITDA"是一种Non-GAAP财务指标,其定义为不包括非现金股份报酬的EBITDA。 |
[4] "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的净利润,详细信息请参阅"Reconciliation of Non-GAAP and GAAP Results"。 |
[5] "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 December 31, |
||||||||
2022 (Audited) |
2021 (Unaudited) |
||||||||
ASSETS |
|||||||||
Current assets: |
|||||||||
Cash and cash equivalents |
$ |
18,396,987 |
$ |
21,741,601 |
|||||
Short-term investments |
- |
6,512,256 |
|||||||
Accounts receivable, net |
53,769,887 |
43,819,782 |
|||||||
Prepayments, deposits and other assets, net |
4,215,414 |
3,318,639 |
|||||||
Prepaid income tax |
- |
181,886 |
|||||||
Amounts due from related parties |
377,642 |
430,614 |
|||||||
Total Current Assets |
76,759,930 |
76,004,778 |
|||||||
Non-Current assets: |
|||||||||
Property and equipment, net |
20,601,098 |
20,886,477 |
|||||||
Intangible assets, net |
970,044 |
1,106,806 |
|||||||
Goodwill |
2,363,841 |
2,441,368 |
|||||||
Long-term investments |
610,386 |
835,041 |
|||||||
Prepayments, deposits and other assets, net |
248,456 |
407,821 |
|||||||
Deferred tax assets, net |
327,040 |
408,445 |
|||||||
Total Assets |
$ |
101,880,795 |
$ |
102,090,736 |
|||||
LIABILITIES AND SHAREHOLDERS' EQUITY |
|||||||||
Current liabilities: |
|||||||||
Bank loans |
$ |
14,474,363 |
$ |
13,294,897 |
|||||
Accounts payable |
343,597 |
515,918 |
|||||||
Accrued expenses and other current liabilities |
352,402 |
424,356 |
|||||||
Tax payables |
2,355,066 |
2,238,739 |
|||||||
Contract liabilities |
587,140 |
1,161,507 |
|||||||
Salaries and benefits payable |
12,203,933 |
14,839,684 |
|||||||
Amounts due to related party |
66,884 |
61,845 |
|||||||
Total Current Liabilities |
30,383,385 |
32,536,946 |
|||||||
Non-Current liabilities: |
|||||||||
Bank loans |
- |
- |
|||||||
Deferred tax liabilities |
150,547 |
144,253 |
|||||||
Other non-current liabilities |
3,546,263 |
2,101,145 |
|||||||
TOTAL LIABILITIES |
34,080,195 |
34,782,344 |
|||||||
Commitments and Contingencies |
|||||||||
Shareholders' Equity |
|||||||||
Common stock, $0.0001 par value, 100,000,000 shares authorized; |
2,244 |
2,021 |
|||||||
Additional paid-in capital |
55,705,209 |
50,988,671 |
|||||||
Statutory reserves |
5,071,876 |
4,826,600 |
|||||||
Retained earnings |
6,323,792 |
8,376,104 |
|||||||
Accumulated other comprehensive (loss) income |
(550,248) |
1,715,151 |
|||||||
Total CLPS Incorporation Shareholders' Equity |
66,552,873 |
65,908,547 |
|||||||
Noncontrolling Interests |
1,247,727 |
1,399,845 |
|||||||
Total Shareholders' Equity |
67,800,600 |
67,308,392 |
|||||||
Total Liabilities and Shareholders' Equity |
$ |
101,880,795 |
$ |
102,090,736 |
|||||
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, |
|||||||||
2022 |
2021 |
||||||||
Revenues |
$ |
76,100,776 |
$ |
67,743,485 |
|||||
Less: Cost of revenues (note 1) |
(57,423,736) |
(46,050,474) |
|||||||
Gross profit |
18,677,040 |
21,693,011 |
|||||||
Operating income (expenses): |
|||||||||
Selling and marketing expenses (note 1) |
(1,818,662) |
(1,959,429) |
|||||||
Research and development expenses |
(3,795,772) |
(7,176,725) |
|||||||
General and administrative expenses (note 1) |
(13,877,275) |
(10,155,688) |
|||||||
Subsidies and other operating income |
658,311 |
1,041,167 |
|||||||
Total operating expenses |
(18,833,398) |
(18,250,675) |
|||||||
(Loss) Income from operations |
(156,358) |
3,442,336 |
|||||||
Other income |
558,546 |
149,323 |
|||||||
Other expenses |
(100,336) |
(301,821) |
|||||||
Income before income tax and share of income in equity |
301,852 |
3,289,838 |
|||||||
Provision for income taxes |
2,181,071 |
1,164,910 |
|||||||
(Loss) income before share of (loss) income in equity investees |
(1,879,219) |
2,124,928 |
|||||||
Share of (loss) in equity investees, net of tax |
(3,215) |
(37,994) |
|||||||
Net (loss) income |
(1,882,434) |
2,086,934 |
|||||||
Less: Net (loss) income attributable to noncontrolling interests |
(75,398) |
130,478 |
|||||||
Net (loss) income attributable to CLPS Incorporation's |
$ |
(1,807,036) |
$ |
1,956,456 |
|||||
Other comprehensive (loss) income |
|||||||||
Foreign currency translation (loss) income |
$ |
(2,328,918) |
$ |
468,792 |
|||||
Less: Foreign currency translation (loss) income attributable |
(63,519) |
8,853 |
|||||||
Other comprehensive (loss) income attributable to CLPS |
$ |
(2,265,399) |
$ |
459,939 |
|||||
Comprehensive (loss) income attributable to |
|||||||||
CLPS Incorporation's shareholders |
$ |
(4,072,435) |
$ |
2,416,395 |
|||||
Comprehensive (loss) income attributable to noncontrolling |
(138,917) |
139,331 |
|||||||
Comprehensive (loss) income |
$ |
(4,211,352) |
$ |
2,555,726 |
|||||
Basic (loss) earnings per common share |
$ |
(0.08) |
$ |
0.11 |
|||||
Weighted average number of share outstanding – basic |
21,484,828 |
18,514,807 |
|||||||
Diluted earnings per common share |
$ |
(0.08) |
$ |
0.10 |
|||||
Weighted average number of share outstanding – diluted |
21,484,828 |
19,097,170 |
|||||||
Note: |
|||||||||
(1) Includes share-based compensation expenses as follows: Cost of revenues |
13,983 |
4,221 |
|||||||
Selling and marketing expenses |
55,834 |
42,556 |
|||||||
General and administrative expenses |
4,646,944 |
3,586,593 |
|||||||
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, |
||||||||
2022 |
2021 |
|||||||
(Unaudited) |
(Unaudited) |
|||||||
Cost of revenues |
$ |
(57,423,736) |
$ |
(46,050,474) |
||||
Less: share-based compensation expenses |
(13,983) |
(4,221) |
||||||
Non-GAAP cost of revenues |
$ |
(57,409,753) |
$ |
(46,046,253) |
||||
Selling and marketing expenses |
$ |
(1,818,662) |
$ |
(1,959,429) |
||||
Less: share-based compensation expenses |
(55,834) |
(42,556) |
||||||
Non-GAAP selling and marketing expenses |
$ |
(1,762,828) |
$ |
(1,916,873) |
||||
General and administrative expenses |
$ |
(13,877,275) |
$ |
(10,155,688) |
||||
Less: share-based compensation expenses |
(4,646,944) |
(3,586,593) |
||||||
Non-GAAP general and administrative expenses |
$ |
(9,230,331) |
$ |
(6,569,095) |
||||
Operating income (loss) |
$ |
(156,358) |
$ |
3,442,336 |
||||
Add: share-based compensation expenses |
4,716,761 |
3,633,370 |
||||||
Non-GAAP operating income |
$ |
4,560,403 |
$ |
7,075,706 |
||||
Operating margin |
(0.2 %) |
5.1 % |
||||||
Add: share-based compensation expenses |
6.2 % |
5.3 % |
||||||
Non-GAAP operating margin |
6.0 % |
10.4 % |
||||||
Net income (loss) |
$ |
(1,882,434) |
$ |
2,086,934 |
||||
Add: share-based compensation expenses |
4,716,761 |
3,633,370 |
||||||
Non-GAAP net income |
$ |
2,834,327 |
$ |
5,720,304 |
||||
Net (loss) income attributable to CLPS |
$ |
(1,807,036) |
$ |
1,956,456 |
||||
Add: share-based compensation expenses |
4,716,761 |
3,633,370 |
||||||
Non-GAAP net income attributable to CLPS |
2,909,725 |
5,589,826 |
||||||
$ |
$ |
|||||||
Weighted average number of share outstanding used |
21,484,828 |
18,514,807 |
||||||
GAAP basic (loss) earnings per common share |
$ |
(0.08) |
$ |
0.11 |
||||
Add: share-based compensation expenses |
0.22 |
0.19 |
||||||
Non-GAAP basic earnings per common share |
$ |
0.14 |
$ |
0.30 |
||||
Weighted average number of share outstanding used |
21,484,828 |
19,097,170 |
||||||
Weighted average number of share outstanding used |
21,522,447 |
19,097,170 |
||||||
GAAP diluted (loss) earnings per common share |
$ |
(0.08) |
$ |
0.10 |
||||
Add: share-based compensation expenses |
0.22 |
0.19 |
||||||
Non-GAAP diluted earnings per common share |
$ |
0.14 |
$ |
0.29 |
CLPS INCORPORATION |
||||||||
audited CONSOLIDATED BALANCE SHEETS |
||||||||
(Amounts in U.S. dollars ("$"), except for number of shares) |
||||||||
As of June 30, |
||||||||
2022 |
2021 |
|||||||
ASSETS |
||||||||
Current assets: |
||||||||
Cash and cash equivalents |
$ |
18,396,987 |
$ |
24,739,382 |
||||
Short-term investments |
- |
4,158,535 |
||||||
Accounts receivable, net |
53,769,887 |
44,138,997 |
||||||
Prepayments, deposits and other assets, net |
4,215,414 |
2,530,458 |
||||||
Amounts due from related parties |
377,642 |
546,128 |
||||||
Total Current Assets |
76,759,930 |
76,113,500 |
||||||
Non-current assets: |
||||||||
Property and equipment, net |
20,601,098 |
600,791 |
||||||
Intangible assets, net |
970,044 |
1,050,499 |
||||||
Goodwill |
2,363,841 |
2,444,950 |
||||||
Long-term investments |
610,386 |
1,014,784 |
||||||
Prepayments, deposits and other assets, net |
248,456 |
896,145 |
||||||
Deferred tax assets, net |
327,040 |
607,773 |
||||||
Total Assets |
$ |
101,880,795 |
$ |
82,728,442 |
||||
LIABILITIES AND SHAREHOLDERS' EQUITY |
||||||||
Current liabilities |
||||||||
Bank loans |
$ |
14,474,363 |
$ |
7,536,839 |
||||
Accounts payable |
343,597 |
559,450 |
||||||
Accrued expenses and other current liabilities |
352,402 |
245,408 |
||||||
Tax payables |
2,355,066 |
1,715,009 |
||||||
Contract liabilities |
587,140 |
326,912 |
||||||
Salaries and benefits payable |
12,203,933 |
12,466,921 |
||||||
Amounts due to related party |
66,884 |
183,148 |
||||||
Total Current Liabilities |
30,383,385 |
23,033,687 |
||||||
Non-current liabilities |
||||||||
Bank loans |
- |
9,644 |
||||||
Deferred tax liabilities |
150,547 |
155,033 |
||||||
Other non-current liabilities |
3,546,263 |
1,799,383 |
||||||
TOTAL LIABILITIES |
34,080,195 |
24,997,747 |
||||||
Commitments and Contingencies |
||||||||
Shareholders' Equity |
||||||||
Common stock, $0.0001 par value, 100,000,000 shares authorized; |
2,244 |
2,029 |
||||||
Additional paid-in capital |
55,705,209 |
48,516,695 |
||||||
Statutory reserves |
5,071,876 |
4,214,075 |
||||||
Retained earnings |
6,323,792 |
2,726,165 |
||||||
Accumulated other comprehensive (loss) income |
(550,248) |
1,230,083 |
||||||
Total CLPS Incorporation's Shareholders' Equity |
66,552,873 |
56,689,047 |
||||||
Noncontrolling Interests |
1,247,727 |
1,041,648 |
||||||
Total Shareholders' Equity |
67,800,600 |
57,730,695 |
||||||
Total Liabilities and Shareholders' Equity |
$ |
101,880,795 |
$ |
82,728,442 |
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, |
||||||||
2022 |
2021 |
|||||||
Revenues |
$ |
152,022,381 |
$ |
126,061,693 |
||||
Less: Cost of revenues (note 1) |
(111,033,345) |
(85,890,757) |
||||||
Gross profit |
40,989,036 |
40,170,936 |
||||||
Operating income (expenses): |
||||||||
Selling and marketing expenses (note 1) |
(4,103,066) |
(3,753,236) |
||||||
Research and development expenses |
(7,971,145) |
(13,337,913) |
||||||
General and administrative expenses (note 1) |
(23,045,664) |
(16,784,688) |
||||||
Subsidies and other operating income |
1,536,394 |
2,080,087 |
||||||
Total operating expenses |
(33,583,481) |
(31,795,750) |
||||||
Income from operations |
7,405,555 |
8,375,186 |
||||||
Other income |
854,250 |
296,319 |
||||||
Other expenses |
(575,605) |
(351,045) |
||||||
Income before income tax and share of income in equity |
7,684,200 |
8,320,460 |
||||||
Provision for income taxes |
3,045,992 |
1,257,124 |
||||||
Income before share of income in equity investees |
4,638,208 |
7,063,336 |
||||||
Share of (loss) in equity investees, net of tax |
(50,297) |
(44,121) |
||||||
Net income |
4,587,911 |
7,019,215 |
||||||
Less: Net income attributable to noncontrolling interests |
132,483 |
202,643 |
||||||
Net income attributable to CLPS Incorporation's |
$ |
4,455,428 |
$ |
6,816,572 |
||||
Other comprehensive income (loss) |
||||||||
Foreign currency translation (loss) income |
$ |
(1,828,542) |
$ |
2,695,223 |
||||
Less: Foreign currency translation (loss) income attributable |
(48,211) |
102,475 |
||||||
Other comprehensive (loss) income attributable to CLPS |
$ |
(1,780,331) |
$ |
2,592,748 |
||||
Comprehensive income attributable to |
||||||||
CLPS Incorporation's shareholders |
$ |
2,675,097 |
$ |
9,409,320 |
||||
Comprehensive income attributable to noncontrolling interests |
84,272 |
305,118 |
||||||
Comprehensive income |
$ |
2,759,369 |
$ |
9,714,438 |
||||
Basic earnings per common share |
$ |
0.21 |
$ |
0.39 |
||||
Weighted average number of share outstanding – basic |
20,924,683 |
17,279,443 |
||||||
Diluted earnings per common share |
$ |
0.21 |
$ |
0.39 |
||||
Weighted average number of share outstanding – diluted |
21,057,063 |
17,569,440 |
||||||
Note: |
||||||||
(1) Includes share-based compensation expenses as follows: Cost of revenues |
36,906 |
8,403 |
||||||
Selling and marketing expenses |
165,209 |
122,087 |
||||||
General and administrative expenses |
6,982,747 |
4,998,206 |
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, |
||||||||
2022 |
2021 |
|||||||
(Audited) |
(Audited) |
|||||||
Cost of revenues |
$ |
(111,033,345) |
$ |
(85,890,757) |
||||
Less: share-based compensation expenses |
(36,906) |
(8,403) |
||||||
Non-GAAP cost of revenues |
$ |
(110,996,439) |
$ |
(85,882,354) |
||||
Selling and marketing expenses |
$ |
(4,103,066) |
$ |
(3,753,236) |
||||
Less: share-based compensation expenses |
(165,209) |
(122,087) |
||||||
Non-GAAP selling and marketing expenses |
$ |
(3,937,857) |
$ |
(3,631,149) |
||||
General and administrative expenses |
$ |
(23,045,664) |
$ |
(16,784,688) |
||||
Less: share-based compensation expenses |
(6,982,747) |
(4,998,206) |
||||||
Non-GAAP general and administrative expenses |
$ |
(16,062,917) |
$ |
(11,786,482) |
||||
Operating income |
$ |
7,405,555 |
$ |
8,375,186 |
||||
Add: share-based compensation expenses |
7,184,862 |
5,128,696 |
||||||
Non-GAAP operating income |
$ |
14,590,417 |
$ |
13,503,882 |
||||
Operating margin |
4.9 % |
6.6 % |
||||||
Add: share-based compensation expenses |
4.7 % |
4.1 % |
||||||
Non-GAAP operating margin |
9.6 % |
10.7 % |
||||||
Net income |
$ |
4,587,911 |
$ |
7,019,215 |
||||
Add: share-based compensation expenses |
7,184,862 |
5,128,696 |
||||||
Non-GAAP net income |
$ |
11,772,773 |
$ |
12,147,911 |
||||
Net income attributable to CLPS Incorporation's |
$ |
4,455,428 |
$ |
6,816,572 |
||||
Add: share-based compensation expenses |
7,184,862 |
5,128,696 |
||||||
Non-GAAP net income attributable to CLPS |
$ |
11,640,290 |
$ |
11,945,268 |
||||
Weighted average number of share outstanding used |
20,924,683 |
17,279,443 |
||||||
GAAP basic earnings per common share |
$ |
0.21 |
$ |
0.39 |
||||
Add: share-based compensation expenses |
0.35 |
0.30 |
||||||
Non-GAAP basic earnings per common share |
$ |
0.56 |
$ |
0.69 |
||||
Weighted average number of share outstanding used |
21,057,063 |
17,569,440 |
||||||
GAAP diluted earnings per common share |
$ |
0.21 |
$ |
0.39 |
||||
Add: share-based compensation expenses |
0.34 |
0.29 |
||||||
Non-GAAP diluted earnings per common share |
$ |
0.55 |
$ |
0.68 |
||||