华钦科技公布2022财年下半年及全年财报 全年营收稳步增长

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^[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;
       22,444,822 shares issued and outstanding as of June 30, 2022;
       20,293,552 shares issued and outstanding as of June 30, 2021

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
    investees

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
    shareholders

$

(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
    to noncontrolling interest

(63,519)

8,853

Other comprehensive (loss) income attributable to CLPS
    Incorporation's shareholders

$

(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
    interests

(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
Incorporation's shareholders

$

(1,807,036)

$

1,956,456

Add: share-based compensation expenses

4,716,761

3,633,370

Non-GAAP net income attributable to CLPS
Incorporation's shareholders

2,909,725

5,589,826

$

$

Weighted average number of share outstanding used
in computing GAAP and non-GAAP basic earnings

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
in computing GAAP diluted earnings

21,484,828

19,097,170

Weighted average number of share outstanding used
in computing non-GAAP diluted earnings

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;
22,444,822 shares issued and outstanding as of June 30, 2022;
20,293,552 shares issued and outstanding as of June 30, 2021

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
    investees

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
    shareholders

$

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
    to noncontrolling interests

(48,211)

102,475

Other comprehensive (loss) income attributable to CLPS
    Incorporation's shareholders

$

(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
shareholders

$

4,455,428

$

6,816,572

Add: share-based compensation expenses

7,184,862

5,128,696

Non-GAAP net income attributable to CLPS
Incorporation's shareholders

$

11,640,290

$

11,945,268

Weighted average number of share outstanding used
in computing GAAP and non-GAAP basic earnings

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
in computing GAAP and non-GAAP diluted earnings

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