HONG KONG, Nov 30, 2022 – (ACN Newswire) – – IBO Technology Company Limited (“IBO Technology”, or the “Company”, along with its subsidiaries, the “Group”; Stock Code: 2708.HK) is happy to announce its unaudited interim outcomes for the six months ended 30 September 2022 (the “Period”). To promote the enterprise growth of Information Technology Application Innovation Information (“ITAI”) and seize the business golden alternatives, the Group cooperated with the People’s Government of Fucheng District, Mianyang City, Sichuan Province (“Fucheng District People’s Government”) in the course of the Period to develop an clever manufacturing industrial park mission.

During the Period, the demand for ITAI IT (terminal merchandise and business options), 5G (communication tools and personal community options) and Internet of Things (“IoT”) (merchandise and business options), the Group’s three main enterprise segments, elevated steadily and confirmed a constructive growth development. The Group’s income for the Period elevated by roughly 37.5% to roughly RMB366.15 million (six months ended 30 September 2021: roughly RMB266.28 million), which was primarily benefited from the numerous progress within the income of clever terminal merchandise gross sales enterprise of the Group for the Period as pushed by the financial restoration, whereas the Group’s gross revenue additionally elevated by roughly 14.2% to roughly RMB76.33 million (six months ended 30 September 2021: roughly RMB66.85 million). Gross revenue margin was 20.8% (six months ended 30 September 2021: 25.1%), primarily as a result of enhance within the income from the clever terminal merchandise gross sales enterprise, which has a comparatively low gross revenue margin, from 77.5% of the Group’s complete income for the corresponding interval of 2021 to 85.7% for the Period. The Group’s revenue attributable to homeowners of the Company elevated by roughly 69.1% to roughly RMB7.39 million for the Period (six months ended 30 September 2021: roughly RMB4.37 million), which was primarily as a result of vital progress of income and gross revenue in the course of the Period as pushed by the substantial enhance within the income from the clever terminal merchandise gross sales enterprise in the course of the Period, as in contrast with 2021, and in addition the lower within the Group’s administrative bills, finance prices, analysis and growth bills and revenue tax bills in the course of the Period as in contrast with the corresponding interval of 2021.

Huge Room for Domestic Substitution and Strong Demand for ITAI Industry

The central authorities has included the ITAI business into the nationwide growth technique, and has repeatedly launched related insurance policies to help the event of the business, indicating that the PRC’s ITAI business has entered into an accelerated stage of home substitution. At current, the ITAI business presents an enormous market area and unprecedented market alternatives. Benefiting from the central and native governments’ efforts to advertise ITAI procurement, the dimensions of ITAI business within the PRC has been rising quickly, and the Group has penetrated into numerous key industries resembling finance, telecommunications and power. The market demand for purely domestically-produced software program and {hardware} has accelerated, driving the event of your complete business chain into a brand new “rillion-dollar industry”.

Actively Seizing the Opportunity of Domestic Substitution, the Demand for Major Business Segments Increased Steadily

During the Period, clever terminal merchandise gross sales enterprise remained as the primary supply of the Group’s revenue, accounting for about 85.7% of complete income. During the Period, the Group targeted on the event, manufacturing and gross sales of customised IoT sensible terminals to clients. Benefiting from the restoration of financial actions, income from the clever terminal merchandise gross sales enterprise elevated by roughly 52.2% to roughly RMB313.87 million (six months ended 30 September 2021: roughly RMB206.26 million).

With regards to software program growth, the Group plans and designs the software program system frameworks and performance lists for purchasers, and gives customised software program software growth companies based mostly on their enterprise and administration wants. Leveraging on its sturdy software program growth capabilities, the Group has been offering high quality software program software growth companies to serve clients in numerous industries for a few years. Affected by the lower in demand for seasonal companies, the phase recorded a income of roughly RMB46.16 million for the Period (six months ended 30 September 2021: roughly RMB54.92 million), accounting for 12.6% of the Group’s complete income.

With regards to system integration and system upkeep companies, the Group’s segmental income had been roughly RMB0.26 million (six months ended 30 September 2021: roughly RMB20,000) and roughly RMB5.86 million (six months ended 30 September 2021: roughly RMB5.08 million) respectively.

Boosted ITAI Business Development to Grasp the Market Gap of the ITAI Industry

In addition, the Group entered right into a memorandum of understanding, an funding settlement and a supplemental settlement on the “IBO Technology Intelligent Manufacturing Industrial Park Project*”, and in addition fashioned a three way partnership with Fucheng District People’s Government in the course of the Period. The “IBO Technology Intelligent Manufacturing Industrial Park Project” is the primary time that the Group has cooperated with the nationwide authorities to launch an clever manufacturing industrial park mission, proving that the Government is optimistic in regards to the prospect of ITAI business. It additionally marks a major milestone for the Group since its entry into the ITAI business in 2020, as an indication that the Group’s growth in ITAI business has been extensively recognised by the federal government.

The “IBO Technology Intelligent Manufacturing Industrial Park Project” is to be invested in three phases. The investments in Phase I, Phase II and Phase III are projected to be RMB1.5 billion, RMB2 billion and RMB7 billion respectively. The mission will speed up the launch of domestically-produced merchandise. For Phase I of the mission, roughly 200,000 square-meter factories and ancillary services will likely be constructed. Approximately 2.5 million items of pocket book computer systems, all-in-one computer systems, extremely built-in desktop computer systems, cloud terminals and different ITAI terminal merchandise might be produced yearly when full manufacturing capability of Phase I is reached. A high-end ITAI industrial park will likely be in-built Phase II, and 5G tools, power storage tools industrial park mission, and many others. will likely be in-built Phase III. Moreover, Fucheng District People’s Government will make investments RMB400 million by Sichuan Fuchuang Development Group Limited, a state-owned firm, to kind a three way partnership with a subsidiary of IBO Technology to collobrate within the “IBO Technology Intelligent Manufacturing Industrial Park Project“.

The Board believes that the “IBO Technology Intelligent Manufacturing Industrial Park Project” will construct a “closed-loop” ecosystem of the ITAI business, in order to strengthen the availability chain synergy, manufacturing and manufacturing synergy and know-how synergy of upstream and downstream enterprises. The base will likely be a key mission to advertise the Group’s future growth. It is anticipated to enhance the Group’s manufacturing capability, construct sturdy product supply capabilities and optimise value administration, which is able to assist the Group proceed to spice up the event of domestically-produced ITAI business and product analysis and growth, speed up the launch of merchandise, with a purpose to meet the sturdy demand for ITAI merchandise from the market and the federal government. Thus, it is going to assist the Group actively grasp the market hole and unprecedented market alternatives.

Entered the Quantum Computing Industry, Expanding Revenue Stream

Furthermore, the Group introduced that it’ll enter right into a cooperation settlement with Shenzhen SpinQ Technology Co., Ltd. in respect of quantum computing cloud platform growth mission. Centering on sensible functions of quantum computing merchandise and applied sciences by enterprises engaged in such areas as e-government, scientific analysis institutes, schooling, finance, and biopharmaceuticals in cloud computing, huge information, and different areas, the events will pursue cooperation on the event of domestically-produced quantum computing cloud platform mission.

Both events have decided to kind strategic partnership. They will each exhibit complementary technological and advertising prowess, and can proceed to combine their respective advantageous sources, enhance buyer values, and obtain mutually helpful cooperation. Leveraging on the technical benefits over quantum computing techniques and software ecosystems of Shenzhen SpinQ Technology Co., Ltd., the Group is anticipated to enter the quantum computing business by this cooperation, additional increasing its income stream.

Synergistic Advantages of Three Major Businesses to Build a Moat

Looking forward, leveraging on the shut connection and synergy among the many three main enterprise segments, particularly 5G, ITAI and IoT within the facets of underlying know-how, software know-how, provide chain, mission and enterprise mannequin, the Group will attempt to grab the alternatives within the golden market, additional strengthen and increase its personal enterprise, promote the wholesome growth of its enterprise by a number of channels, actively establish appropriate merger and acquisition targets that may create sturdy synergies with its current principal enterprise to help the Group’s operation and speedy growth. IBO Technology will proceed to pursue breakthroughs, analysis and develop and launch extra new high-quality services and products, in order to ship higher outcomes and make constructive contribution to the event of ITAI and 5G industries in China.

* For identification goal solely

About IBO Technology Company Limited

IBO Technology Company Limited (Stock code: 2708.HK), a number one digital options supplier, is principally engaged in offering 5G communication tools and personal community options, ITAI terminal merchandise and business options, IoT merchandise and options, in addition to industrial digital options within the PRC. The Group’s companies primarily cowl 4 areas, particularly (i) clever terminal merchandise gross sales; (ii) system integration; (iii) software program growth; and (iv) system upkeep companies. With practically 20 years penetration within the IoT business, the Group serves clients from each the private and non-private sectors within the PRC, together with authorities authorities, large-scale state-owned enterprises and personal enterprises. In 2022, the Group cooperated with the People’s Government of Fucheng District, Mianyang City, Sichuan Province to develop an clever manufacturing industrial park mission, striving to advertise the event of ITAI merchandise in future.

For extra particulars, please go to: http://www.ibotech.hk/

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