74 results
20-F
2024 FY
HPAI
Helport AI Limited Ordinary Shares
8 Aug 24
Annual report (foreign)
6:16pm
The following tables set forth a summary of our combined results of operations for the six months ended December 31, 2023, and for the years ended June 30, 2023 and 2022, in absolute amount and as a percentage of our revenues. This information should be read together with our combined financial statements, unaudited condensed combined financial statements, and related notes included elsewhere in this Report. The results of operations in any period are not necessarily indicative of the results that may be expected for any future period.
For the six months ended December 31, | For the years ended June 30, | |||||||||||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | |||||||||||||||||||||||||||||
US$ | % | US$ | % | US$ | % | US$ | % | |||||||||||||||||||||||||
Revenues | 14,506,363 | 100.00 | 5,926,993 | 100.00 | 12,728,313 | 100.00 | 2,667,914 | 100.00 | ||||||||||||||||||||||||
Cost of revenues | (4,793,021) | (33.04) | (2,422,458) | (40.87) | (4,882,792) | (38.36) | (1,246,701) | (46.73) | ||||||||||||||||||||||||
Gross profit | 9,713,342 | 66.96 | 3,504,535 | 59.13 | 7,845,521 | 61.64 | 1,421,213 | 53.27 | ||||||||||||||||||||||||
Operating expenses: | ||||||||||||||||||||||||||||||||
Selling expenses | (50,214) | (0.35) | - | - | (50,830) | (0.40) | (99,817) | (3.74) | ||||||||||||||||||||||||
General and administrative expenses | (2,042,289) | (14.08) | (715,981) | (12.08) | (1,625,887) | (12.77) | (340,625) | (12.77) | ||||||||||||||||||||||||
Research and development expenses | (78,757) | (0.54) | (8,642) | (0.15) | (375,410) | (2.95) | - | - | ||||||||||||||||||||||||
Total operating expenses | (2,171,260) | (14.97) | (724,623) | (12.23) | (2,052,127) | (16.12) | (440,442) | (16.51) | ||||||||||||||||||||||||
Operating income | 7,542,082 | 51.99 | 2,779,912 | 46.90 | 5,793,394 | 45.52 | 980,771 | 36.76 | ||||||||||||||||||||||||
Financial expenses, net | (19,162) | (0.13) | (940) | (0.02) | (7,936) | (0.06) | (5,894) | (0.22) | ||||||||||||||||||||||||
Income before income tax expense | 7,522,920 | 51.86 | 2,778,972 | 46.88 | 5,785,458 | 45.46 | 974,877 | 36.54 | ||||||||||||||||||||||||
Income tax expense | (1,279,314) | (8.82) | (459,909) | (7.76) | (970,755) | (7.63) | (152,917) | (5.73) | ||||||||||||||||||||||||
Net income | 6,243,606 | 43.04 | 2,319,063 | 39.12 | 4,814,703 | 37.83 | 821,960 | 30.81 |
20-F
2024 FY
HPAI
Helport AI Limited Ordinary Shares
8 Aug 24
Annual report (foreign)
6:16pm
The following table sets forth a breakdown of our general and administrative expenses by categories, expressed as an absolute amount and as a percentage of the total general and administrative expenses, for the periods indicated.
For the years ended June 30, | Variances | |||||||||||||||||||||||
2023 | 2022 | Amount | Percentage | |||||||||||||||||||||
US$ | % | US$ | % | US$ | % | |||||||||||||||||||
General and administrative expenses: | ||||||||||||||||||||||||
Withholding tax | 1,268,975 | 78.05 | 256,642 | 75.34 | 1,012,333 | 394.45 | ||||||||||||||||||
Professional service fees | 241,887 | 14.88 | 51,841 | 15.22 | 190,046 | 366.59 | ||||||||||||||||||
Other office fees | 115,025 | 7.07 | 32,142 | 9.44 | 82,883 | 257.87 | ||||||||||||||||||
Total general and administrative expenses | 1,625,887 | 100.00 | 340,625 | 100.00 | 1,285,262 | 377.32 |
20-F
2024 FY
HPAI
Helport AI Limited Ordinary Shares
8 Aug 24
Annual report (foreign)
6:16pm
Revenues are presented net of value added taxes (“VAT”).
For the six months ended December 31, | ||||||||
2023 | 2022 | |||||||
(unaudited) | (unaudited) | |||||||
AI services | $ | 14,506,363 | $ | 5,888,430 | ||||
Others | - | 38,563 | ||||||
Total revenues | $ | 14,506,363 | $ | 5,926,993 |
20-F
2024 FY
HPAI
Helport AI Limited Ordinary Shares
8 Aug 24
Annual report (foreign)
6:16pm
The following table sets forth a summary of single customer who represent 10% or more of the Group’s total accounts receivable:
As of December 31, | As of June 30, | |||||||
2023 | 2023 | |||||||
(unaudited) | ||||||||
Customer A | 46.6 | % | 47.1 | % | ||||
Customer B | 26.7 | % | 29.2 | % | ||||
Total | 73.3 | % | 76.3 | % |
20-F
2024 FY
HPAI
Helport AI Limited Ordinary Shares
8 Aug 24
Annual report (foreign)
6:16pm
The following table sets forth a summary of single customer who represent 10% or more of the Group’s total revenue:
For the six months ended December 31, | ||||||||
2023 | 2022 | |||||||
(unaudited) | (unaudited) | |||||||
Customer A | 47.3 | % | 47.0 | % | ||||
Customer B | 26.7 | % | 29.8 | % | ||||
Total | 74.0 | % | 76.8 | % |
20-F
6mo0sl8ol95e3l
8 Aug 24
Annual report (foreign)
6:16pm
20-F
rhtkryb
8 Aug 24
Annual report (foreign)
6:16pm
20-F
y6l6gwz0apbeeulh
8 Aug 24
Annual report (foreign)
6:16pm
20-F
v34mdmvvq zcffmqb4zt
8 Aug 24
Annual report (foreign)
6:16pm
20-F
bkr5em1icukdgu4
8 Aug 24
Annual report (foreign)
6:16pm
20-F
u8mm0
8 Aug 24
Annual report (foreign)
6:16pm
20-F
na1rcv
8 Aug 24
Annual report (foreign)
6:16pm
20-F
r6dx hn0y799m1
8 Aug 24
Annual report (foreign)
6:16pm
20-F
k507jdki kxli1efw
8 Aug 24
Annual report (foreign)
6:16pm
20-F
t64b40
8 Aug 24
Annual report (foreign)
6:16pm
20-F
dvam9ore7 kt0wd
8 Aug 24
Annual report (foreign)
6:16pm
20-F
zkgasetl
8 Aug 24
Annual report (foreign)
6:16pm
20-F
cu9dcbdqef6g
8 Aug 24
Annual report (foreign)
6:16pm
20-F
ams3n4hq3hplk 01be
8 Aug 24
Annual report (foreign)
6:16pm
20-F
ay4bl9n
8 Aug 24
Annual report (foreign)
6:16pm