云创数据(835305) - 2024 Q2 - 季度财报

Important Notice, Table of Contents, and Definitions This section provides essential disclaimers, a report directory, and definitions of key terms to ensure clarity and understanding of the report's content Important Notice This report emphasizes the responsibility of directors, supervisors, and senior management for the truthfulness, accuracy, and completeness of the report, noting that the financial report is unaudited and explaining the non-disclosure of major customer and supplier information due to confidentiality agreements - Directors, supervisors, and senior management guarantee the report's truthfulness, accuracy, and completeness; the company's head, chief accountant, and accounting department head guarantee the financial report's truthfulness, accuracy, and completeness[5] - This semi-annual report has not been audited by an accounting firm[5] - The company did not disclose information on major customers and suppliers as required due to commercial confidentiality agreements or clauses in contracts with relevant parties[7] Risk Warning The company states there is no delisting risk and refers to the detailed analysis of significant risk factors in "Section III Accounting Data and Operating Performance," specifically "XIV. Company Risks and Countermeasures" - The company has no delisting risk[8] - The company analyzed its significant risk factors in "Section III Accounting Data and Operating Performance," specifically "XIV. Company Risks and Countermeasures" of this report[8] Definitions This section defines common terms used in the report, including company names, related parties, meeting bodies, exchanges, laws and regulations, and financial time points, to ensure clear understanding of the report's content - "Company, this Company, Share Company, Yunchuang Data, Yunchuang" all refer to Nanjing Yunchuang Big Data Technology Co., Ltd[9] - "Reporting Period" refers to the first half of 2024, and "End of Reporting Period" refers to June 30, 2024[9] - "NEEQ, New Third Board" refers to the National Equities Exchange and Quotations, and "BSE" refers to the Beijing Stock Exchange[9] Company Profile This section provides an overview of the company's basic information, contact details, information disclosure channels, enterprise details, intermediary agencies, business model, and certifications Basic Information The company's stock abbreviation is Yunchuang Data, stock code is 835305, and legal representative is Zhang Zhen - The company's stock abbreviation is Yunchuang Data, stock code is 835305[10] - The company's full Chinese name is Nanjing Yunchuang Big Data Technology Co., Ltd., and its English name is Nanjing Innovative Data Technologies, Inc[10] - The legal representative is Zhang Zhen[10] Contact Information The company's Board Secretary is Sun Zhigang, and its office is located at 9th Floor, Building A, No. 4, Nanjing Baixia High-tech Industrial Park, No. 6 Yongzhi Road, Qinhuai District, Nanjing - The name of the Board Secretary is Sun Zhigang[11] - The company's office address is 9th Floor, Building A, No. 4, Nanjing Baixia High-tech Industrial Park, No. 6 Yongzhi Road, Qinhuai District, Nanjing[11] - The company's website is www.cstor.cn[11](index=11&type=chunk) Information Disclosure and Document Placement The company's semi-annual report is disclosed on the Beijing Stock Exchange website (www.bse.cn) and Securities Times (www.stcn.com), with physical copies available at the Board Secretary's Office of Nanjing Yunchuang Big Data Technology Co., Ltd - The securities exchange website for the company's semi-annual report disclosure is **www.bse.cn**[12](index=12&type=chunk) - The media name and website for the company's semi-annual report disclosure is Securities Times **www.stcn.com**[12](index=12&type=chunk) - The placement location for the company's semi-annual report is the Board Secretary's Office of Nanjing Yunchuang Big Data Technology Co., Ltd[12] Enterprise Information The company was listed on the Beijing Stock Exchange on November 15, 2021, operating in the information transmission, software, and information technology services industry, primarily developing, operating, selling, and providing related technical services for big data intelligent storage and processing basic technology products and application systems - The company's stock is listed on the Beijing Stock Exchange, with a listing date of November 15, 2021[13] - Industry classification is I Information Transmission, Software and Information Technology Services - I65 Software and Information Technology Services - I654 Data Processing and Storage Services - I6540 Data Processing and Storage Services[13] - Main products and services include the development, operation, sales, and related technical services for big data information intelligent storage and processing basic technology products and application systems[13] - The controlling shareholder is Zhang Zhen, the actual controllers are Zhang Zhen and Liu Peng, and the parties acting in concert are Nanjing Lichuang Investment Management Center (Limited Partnership)[13] Intermediary Agencies CITIC Securities Co., Ltd. serves as the company's continuous supervision sponsor, with the supervision period from August 26, 2021, to December 31, 2024 - The sponsor institution performing continuous supervision duties during the reporting period is CITIC Securities[14] - The sponsor representatives are Wang Gailin and Liu Shaoqian[14] - The continuous supervision period is from August 26, 2021, to December 31, 2024[14] Business Overview and Business Model The company's business model remained largely unchanged during the reporting period, focusing on AI as a high-tech enterprise, actively exploring and implementing private large models in industry applications, with big data intelligent processing business increasing to 82.54% of main business revenue due to AI big data product expansion - During the reporting period, the company's business model did not change significantly, operating as a high-tech enterprise in the software and information technology services industry[19] - The company further focuses on the artificial intelligence field, actively exploring and implementing private large models for industry applications to meet the intelligent transformation and digital upgrade needs of various industry customers in the context of artificial intelligence[19] Main Business Revenue Structure Change | Business Type | H1 2024 Proportion | | :--- | :--- | | Big Data Storage Business | 17.46% | | Big Data Intelligent Processing Business | 82.54% | - The increase in the proportion of operating revenue from big data intelligent processing business is mainly due to the rapid development of national policies and market demand in the artificial intelligence field, and the company's proactive expansion of AI big data products and solutions to seize market opportunities[20] Specialized, Refined, Unique, and Novel Enterprise Certifications The company has received national-level "Specialized, Refined, Unique, and Novel" and "High-tech Enterprise" certifications, and has been recognized as a Gazelle Enterprise, Potential Unicorn Enterprise, and Nanjing Cultivated Unicorn Enterprise in the Southern Jiangsu National Independent Innovation Demonstration Zone, demonstrating its advantages in technological innovation and industry position - The company has obtained national-level "Specialized, Refined, Unique, and Novel" certification and "High-tech Enterprise" certification[21] - The company has been recognized as a Gazelle Enterprise, Potential Unicorn Enterprise in the Southern Jiangsu National Independent Innovation Demonstration Zone, Nanjing Cultivated Unicorn Enterprise, and Jiangsu Provincial Technology Little Giant, among others[21][22] - The company has also passed management system certifications including ISO20000, ISO27001, ISO90001, ISO14001, ISO45001, as well as CMMI Capability Maturity Level (Level 3) and ITSS Information Technology Service Operation and Maintenance Standard (Level 2) certifications[22] Accounting Data and Operating Performance This section presents the company's key accounting data and financial indicators, non-recurring gains and losses, business overview, operational review, financial analysis, analysis of major subsidiaries, corporate social responsibility, unprofitability status, and risk factors with corresponding countermeasures Key Accounting Data and Financial Indicators The company achieved revenue growth in the first half of 2024, but net profit remained negative, and gross profit margin declined. Solvency slightly improved in terms of asset-liability ratio but liquidity ratio decreased. Operating cash flow significantly improved, with total assets and operating revenue both increasing Profitability Indicators | Indicator | Current Period (yuan) | Prior Year Period (yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 122,362,098.62 | 109,240,609.44 | 12.01% | | Gross Profit Margin (%) | 20.27% | 24.31% | - | | Net Profit Attributable to Shareholders of Listed Company | -16,857,229.15 | -16,627,664.60 | -1.38% | | Basic Earnings Per Share | -0.13 | -0.13 | 0.00% | Solvency Indicators | Indicator | End of Current Period (yuan) | End of Prior Year Period (yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 1,104,364,922.03 | 1,141,762,103.78 | -3.28% | | Total Liabilities | 315,362,264.74 | 335,902,217.34 | -6.11% | | Asset-Liability Ratio% (Consolidated) | 28.56% | 29.42% | - | | Current Ratio | 2.32 | 3.09 | - | Operating and Growth Indicators | Indicator | Current Period (yuan) | Prior Year Period (yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 80,951,658.53 | -49,900,447.30 | 262.23% | | Total Asset Growth Rate % | -3.28% | -6.11% | - | | Operating Revenue Growth Rate % | 12.01% | -30.56% | - | | Net Profit Growth Rate % | -1.38% | -196.71% | - | Non-recurring Gains and Losses Items and Amounts The company's net non-recurring gains and losses for the reporting period amounted to -2.7218 million yuan, primarily influenced by gains/losses from disposal of non-current assets, non-operating income/expenses, and government subsidies Non-recurring Gains and Losses Details | Item | Amount (yuan) | | :--- | :--- | | Gains/losses from disposal of non-current assets | -357,743.36 | | Government subsidies recognized in current profit/loss | 5,400.00 | | Gains/losses from fair value changes and disposal of financial assets | 20,008.71 | | Other non-operating income and expenses apart from the above | -2,869,806.88 | | Total non-recurring gains and losses | -3,202,141.53 | | Less: Income tax impact | -480,330.78 | | Net non-recurring gains and losses | -2,721,810.75 | Business Overview The company's business model remained largely unchanged, operating as a high-tech enterprise in software and information technology services, focusing on AI, actively exploring private large model industry applications, and providing big data storage and intelligent processing products and solutions, with big data intelligent processing business revenue increasing to 82.54%, reflecting its market expansion in AI - During the reporting period, the company's business model did not change significantly, operating as a high-tech enterprise in the software and information technology services industry[19] - The company further focuses on the artificial intelligence field, actively exploring and implementing private large models for industry applications to meet the intelligent transformation and digital upgrade needs of various industry customers in the context of artificial intelligence[19] Main Business Revenue Structure | Business Type | H1 2024 Main Business Revenue Proportion | | :--- | :--- | | Big Data Storage Business | 17.46% | | Big Data Intelligent Processing Business | 82.54% | - The increase in the proportion of operating revenue from big data intelligent processing business is mainly due to the rapid development of national policies and market demand in the artificial intelligence field, and the company's proactive expansion of AI big data products and solutions to seize market opportunities[20] Review of Operating Performance The company aligns with the national "AI+" strategy, focusing on data-driven and intelligent approaches, building big data storage and intelligent processing solutions based on low-power, high-performance storage and advanced computing power, continuously optimizing core technologies, accelerating AI product implementation, and adjusting market strategies to improve capital utilization efficiency and profitability - The company closely follows the national "AI+" strategy, proactively plans, and focuses on data-driven and intelligent approaches, algorithms, and models to build big data storage and intelligent processing solutions[23] - The company continuously optimizes and upgrades its core big data storage and intelligent processing technologies, further accelerating innovative R&D in AI algorithms and product implementation[24] - The company adopts a prudent operating strategy, scaling back on customers with longer payment cycles to improve capital utilization efficiency[24] Operating Plan The company actively responds to the national "AI+" strategy, planning to invest in computing infrastructure and develop advanced algorithm models to achieve efficient and intelligent data processing, empowering national intelligent transformation and digital upgrade, while leveraging its technological advantages to expand markets through diversified channels and enhance brand influence - The company will invest in the construction of computing infrastructure and develop advanced algorithm models to achieve efficient and intelligent data processing, contributing to the national "East Data West Computing" strategy[23] - The company's intelligent knowledge management platform, based on large model technology, can deeply mine various scientific data and technological literature, promote cross-domain collaboration, and accelerate the company's AI product and application innovation through data-driven approaches[23] - During the reporting period, R&D investment amounted to 21.9586 million yuan, accounting for 17.95% of operating revenue[25] Industry Situation The big data and artificial intelligence industries are developing rapidly with continuous national policy support, such as the "AI+" initiative and the "National Artificial Intelligence Industry Comprehensive Standardization System Construction Guide," prompting the company to seize the strategic opportunity of generative AI, continuously iterate core technologies, consolidate its technological barrier, and upgrade industry application products and solutions to enhance market competitiveness - National policies continue to support the development of the big data and artificial intelligence industries, such as the State Council executive meeting discussing and deploying the promotion of AI empowerment for new industrialization[28] - The release of the AI text-to-video large model Sora has once again made generative AI a hot topic in the industry, actively promoting the development of the artificial intelligence industry[28] - The company seizes the strategic market opportunity of generative AI, continuously iterates its core artificial intelligence technical capabilities, builds a "core algorithm + model library," and upgrades big data and artificial intelligence industry application products and solutions[29] Financial Analysis During the reporting period, the company's asset and liability structure underwent multiple changes, with decreases in monetary funds, accounts receivable, and inventory, and increases in fixed assets and construction in progress. Operating profit significantly increased by 55.94% year-on-year, but net profit slightly decreased. Operating cash flow significantly improved, investment cash outflow increased, and financing cash outflow decreased - Monetary funds at the end of the period decreased by 31.43% compared to the end of the previous year, mainly due to the company's investment in projects such as the Yunchuang Intelligent Cloud Platform during this period[31] - Inventory at the end of the period decreased by 55.91% compared to the end of the previous year, mainly due to the consumption of project inventory from the end of the previous year for construction in progress projects during this period[31] - Fixed assets at the end of the period increased by 47.11% compared to the end of the previous year, mainly due to the partial transfer of the company's construction in progress projects to fixed assets during this period[31] - Operating profit was -11.3888 million yuan, an increase of 55.94% year-on-year, mainly because the company's R&D expenses decreased by 12.5728 million yuan compared to the previous year, and the recovery of accounts receivable led to a reversal of bad debt provisions, reducing credit impairment losses by 11.8622 million yuan[35] Asset and Liability Structure Analysis As of June 30, 2024, the company's total assets decreased by 3.28% year-on-year, and total liabilities decreased by 6.11% year-on-year. Monetary funds, accounts receivable, and inventory significantly decreased, while fixed assets and construction in progress substantially increased, reflecting the company's investment in project construction Asset and Liability Item Changes | Item | End of Current Period Amount (yuan) | Proportion of Total Assets (%) | End of Prior Year Period Amount (yuan) | Proportion of Total Assets (%) | Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 204,199,242.73 | 18.49% | 297,792,150.69 | 26.08% | -31.43% | | Accounts Receivable | 365,234,309.76 | 33.07% | 451,508,578.29 | 39.54% | -19.11% | | Inventory | 89,739,505.97 | 8.13% | 203,518,364.50 | 17.82% | -55.91% | | Fixed Assets | 87,338,340.68 | 7.91% | 59,369,948.38 | 5.20% | 47.11% | | Construction in Progress | 230,113,853.02 | 20.84% | - | - | 100% | | Short-term Borrowings | 214,271,664.39 | 19.40% | 241,034,964.06 | 21.11% | -11.10% | | Accounts Payable | 45,489,690.13 | 4.12% | 28,892,808.72 | 2.53% | 57.44% | | Contract Liabilities | 17,254,973.34 | 1.56% | 9,428,164.63 | 0.83% | 83.02% | | Total Assets | 1,104,364,922.03 | 100.00% | 1,141,762,103.78 | 100.00% | -3.28% | - Monetary funds decreased by 31.43%, mainly due to investment in projects such as the Yunchuang Intelligent Cloud Platform[31] - Construction in progress increased by 100.00%, mainly due to investment in projects such as the Yunchuang Intelligent Cloud Platform[31] Operating Performance Analysis During the reporting period, the company's operating revenue increased by 12.01% year-on-year, but gross profit margin decreased to 20.27%. Sales expenses and credit impairment losses significantly increased, while R&D expenses and financial expenses decreased. The proportion of revenue from big data intelligent processing business increased, with significant revenue growth in the North China and South China regions Profit Composition Analysis | Item | Current Period Amount (yuan) | Proportion of Operating Revenue (%) | Prior Year Period Amount (yuan) | Proportion of Operating Revenue (%) | Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 122,362,098.62 | - | 109,240,609.44 | - | 12.01% | | Gross Profit Margin | 20.27% | - | 24.31% | - | - | | Sales Expenses | 8,214,578.80 | 6.71% | 5,699,656.40 | 5.22% | 44.12% | | R&D Expenses | 21,958,550.17 | 17.95% | 34,531,361.00 | 31.61% | -36.41% | | Credit Impairment Losses | 18,410,014.90 | 15.05% | 6,547,757.62 | 5.99% | 181.17% | | Operating Profit | -11,388,768.59 | -9.31% | -25,848,760.55 | -23.66% | 55.94% | Revenue, Cost, and Gross Profit Margin by Product Category | Category/Item | Operating Revenue (yuan) | Operating Cost (yuan) | Gross Profit Margin (%) | Operating Revenue YOY Change (%) | Operating Cost YOY Change (%) | Gross Profit Margin YOY Change (percentage points) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Big Data Intelligent Processing | 100,992,623.40 | 79,378,541.78 | 21.40% | 85.23% | 112.25% | Decrease by 10.01 | | Big Data Storage | 21,369,475.22 | 18,177,329.85 | 14.94% | -60.95% | -59.86% | Decrease by 2.31 | - Revenue growth was significant in the North China and South China regions, while revenue in the East China region decreased[38] Cash Flow Situation Net cash flow from operating activities significantly increased by 262.23%, primarily due to increased sales collections and reduced payments for goods and services. Net cash flow from investing activities decreased by 39.57% due to increased investment in the acquisition of fixed assets, intangible assets, and other long-term assets. Net cash flow from financing activities decreased by 32.40% due to reduced cash received from borrowings Net Cash Flow Changes | Item | Current Period Amount (yuan) | Prior Period Amount (yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 80,951,658.53 | -49,900,447.30 | 262.23% | | Net Cash Flow from Investing Activities | -137,257,449.20 | -98,345,168.92 | -39.57% | | Net Cash Flow from Financing Activities | -36,953,328.46 | -27,911,369.91 | -32.40% | - Net cash flow from operating activities increased by 262.23%, mainly because sales collections increased by 103.558 million yuan, and payments for goods and services decreased by 22.4609 million yuan[40] - Net cash flow from investing activities decreased by 39.57%, mainly because cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets increased by 103.448 million yuan compared to the same period last year[40] Investment in Wealth Management Products During the reporting period, the company cumulatively purchased 8 million yuan in short-term wealth management products using its own funds, redeemed 6 million yuan, and earned investment income of 20,000 yuan. The balance of unexpired wealth management products at period-end was 2 million yuan Wealth Management Product Investment Details | Wealth Management Product Type | Source of Funds | Amount Incurred (yuan) | Unexpired Balance (yuan) | | :--- | :--- | :--- | :--- | | Bank Wealth Management Product | Own Funds | 1,000,000.00 | 1,000,000.00 | | Bank Wealth Management Product | Own Funds | 1,000,000.00 | 1,000,000.00 | | Brokerage Wealth Management Product | Own Funds | 6,000,000.00 | 0.00 | | Total | - | 8,000,000.00 | 2,000,000.00 | - During the reporting period, the company cumulatively obtained investment income of 20,008.71 yuan[40] Analysis of Major Holding and Participating Companies The company has three controlling subsidiaries: Hainan Yunchuang Big Data Technology Co., Ltd., Nanjing Yunchuang Intelligent Technology Co., Ltd., and Xinjiang Yunchuang Zhisu Data Center Co., Ltd. During the reporting period, Nanjing Yunchuang Intelligent Technology Co., Ltd. was renamed from Shenzhen Yunchuang Big Data Technology Co., Ltd., and Xinjiang Yunchuang Zhisu Data Center Co., Ltd. was newly established, both positively impacting the company's production, operations, and performance Operating Performance of Major Holding Subsidiaries | Company Name | Company Type | Registered Capital (10,000 yuan) | Total Assets (yuan) | Net Assets (yuan) | Operating Revenue (yuan) | Net Profit (yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Hainan Yunchuang Big Data Technology Co., Ltd. | Holding Subsidiary | 1,000 | 14,388,741.61 | 14,361,951.84 | 126,948.71 | 58,289.54 | | Nanjing Yunchuang Intelligent Technology Co., Ltd. | Holding Subsidiary | 1,000 | 8,082,490.39 | 8,065,467.35 | - | -120,800.12 | | Xinjiang Yunchuang Zhisu Data Center Co., Ltd. | Holding Subsidiary | 1,000 | - | - | - | - | - Nanjing Yunchuang Intelligent Technology Co., Ltd. was renamed from Shenzhen Yunchuang Big Data Technology Co., Ltd., and Xinjiang Yunchuang Zhisu Data Center Co., Ltd. was newly established, both having a positive impact on overall production, operations, and performance[42][43][44] Corporate Social Responsibility Yunchuang Data actively fulfills its social responsibilities by participating in various public welfare activities, including assisting the elderly, children, and vulnerable groups, poverty alleviation, epidemic donations, and educational support for employees' children. The company also leverages its strengths for school-enterprise cooperation to cultivate big data and AI talents, and applies big data technology to environmental monitoring and earthquake early warning, developing related environmental protection products - The company actively engages in public welfare, including supporting "Meet at Jiangsu Grand Theatre Summer Activities" and "Hope Come On · Love Donation," and donating masks to elderly community members with mobility issues or lacking mask supplies during the pandemic[45] - The company partnered with Nanjing Sunshine Heart-to-Heart Public Welfare Foundation to establish the Yunchuang Children's Growth Support Project for employees' children's education funds[45] - The company continuously carries out school-enterprise cooperation using its advantageous resources, conducting big data teacher training activities for universities (vocational colleges) nationwide, and providing talent cultivation solutions for artificial intelligence, big data, and cloud computing education[45] - The company highly values environmental protection, applying advanced big data technology to environmental protection work, building an automatic environmental monitoring network, forecasting regional pollution trends, and providing ultra-large-scale real-time vibration early warning[46] Unprofitability or Accumulated Uncovered Losses During the Reporting Period The company did not achieve profitability during the reporting period, with a net loss attributable to shareholders of the listed company of -16.8572 million yuan, a decrease of 1.38% compared to the same period last year. As of June 30, 2024, the company's undistributed profit was 221.9237 million yuan Net Profit and Undistributed Profit | Indicator | H1 2024 (10,000 yuan) | H1 2023 (10,000 yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | -1,685.72 | -1,662.77 | -1.38% | | Undistributed Profit (Period-end) | 22,192.37 | - | - | - During the reporting period, the company did not achieve profitability, with a net profit attributable to shareholders of the listed company of -16.8572 million yuan[48] Company Risks and Countermeasures The company faces significant risks such as intellectual property leakage, intensified industry competition, gross profit margin fluctuations, and performance volatility. The company actively responds by establishing confidentiality systems, increasing R&D investment, optimizing product lines, expanding market channels, strengthening cost management and adjusting market strategies - The company faces the risk of intellectual property leakage and responds by establishing strict technical confidentiality systems and intellectual property protection methods[48] - The company faces the risk of intensified industry competition and responds by continuously increasing R&D investment, maintaining technological leadership, expanding market share, and broadening its sales network[48] - The company faces the risk of gross profit margin fluctuations and responds by continuous R&D investment, increasing the sales proportion of advantageous products, and expanding market space[48] - The company faces the risk of performance volatility and responds by closely monitoring market conditions, continuously increasing R&D investment, accelerating the commercialization and localization of new technologies, and actively adjusting market strategies[48][49] Significant Events This section outlines significant events during the reporting period, including an overview of major events, related party transactions, approved acquisitions, disposals, investments, and mergers, fulfillment of commitments, and assets subject to restrictions Overview of Significant Events During the reporting period, the company had no significant lawsuits or arbitrations, no external guarantees or borrowings, and no instances of shareholders or related parties occupying funds. However, there were significant related party transactions, external investments and corporate mergers approved by the shareholders' meeting, and assets that were mortgaged or pledged - During the reporting period, the company had no significant lawsuits or arbitrations, no external guarantees, no external loans, and no instances of shareholders or related parties occupying or transferring company funds, assets, or other resources[50][51] - There were significant related party transactions, as well as acquisitions, disposals of assets, external investments, and corporate mergers approved by the shareholders' meeting[50] - There were instances of assets being sealed, seized, frozen, mortgaged, or pledged[50] Significant Related Party Transactions During the reporting period, the company had significant related party transactions, primarily involving actual controllers Zhang Zhen, Liu Peng, and their spouses providing gratuitous related party guarantees for the company, totaling 3 billion yuan, covering credit lines or borrowings from multiple banks - The company expects that in routine related party transactions, actual controller Ms. Zhang Zhen or Ms. Zhang Zhen and Mr. Liu Peng will provide gratuitous related party guarantees for the company, with an estimated total amount of 3 billion yuan[51] - Zhang Zhen, Liu Peng, and their spouses provided multiple gratuitous related party guarantees for the company, with guarantee amounts ranging from 10 million yuan to 180 million yuan, and guarantee periods extending to 2025-2028[53][54][55] - Related party guarantees include, but are not limited to, providing free guarantees for credit applications or borrowings[52] Acquisitions, Disposals of Assets, External Investments, and Corporate Mergers Approved by the Shareholders' Meeting During the Reporting Period During the reporting period, the company undertook external investments approved by the shareholders' meeting, using idle self-owned funds for cash management, with a cumulative amount of 8 million yuan. Additionally, the company's consolidation scope changed, including Shenzhen Yunchuang Big Data Technology Co., Ltd. being renamed Nanjing Yunchuang Intelligent Technology Co., Ltd., and the establishment of a new wholly-owned subsidiary, Xinjiang Yunchuang Zhisu Data Center Co., Ltd External Investment Status | Event Type | Disclosure Date of Interim Announcement | Transaction/Investment/Merger Consideration | Consideration Amount (yuan) | | :--- | :--- | :--- | :--- | | External Investment | January 2, 2024 | Cash | 8,000,000.00 | | External Investment | August 28, 2023 | Cash | 0.00 | - The company cumulatively purchased 8 million yuan in short-term wealth management products using idle self-owned funds, cumulatively redeemed 6 million yuan, and cumulatively obtained investment income of 20,008.71 yuan[57] - The company's consolidation scope changed, with Shenzhen Yunchuang Big Data Technology Co., Ltd. being renamed Nanjing Yunchuang Intelligent Technology Co., Ltd., and a new wholly-owned subsidiary, Xinjiang Yunchuang Zhisu Data Center Co., Ltd., being established[43][44] Fulfillment of Commitments During the reporting period, the company had no new commitments, and all previously disclosed commitments were fulfilled on schedule - During the reporting period, the company had no new commitments[57] Assets Sealed, Seized, Frozen, Mortgaged, or Pledged The company's certain assets are restricted, including monetary funds (acceptance bill deposits), accounts receivable, and contract assets (pledged as loan collateral), totaling a book value of 40.3562 million yuan, accounting for 3.65% of total assets. These restricted assets are primarily used by the company itself to provide pledge guarantees for borrowings or credit lines from financial institutions and will not adversely affect the company's production and operations Restricted Asset Status | Item | Asset Category | Type of Restricted Right | Book Value (yuan) | Proportion of Total Assets (%) | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | Current Assets | Other (Guarantee deposit for letters of guarantee and bank acceptance bills) | 3,571,948.15 | 0.32% | Guarantee deposit for letters of guarantee and bank acceptance bills | | Accounts Receivable | Current Assets | Pledge | 36,434,303.95 | 3.30% | Financing | | Contract Assets | Current Assets | Pledge | 349,904.00 | 0.03% | Financing | | Total | - | - | 40,356,156.10 | 3.65% | - | - The main reason for the company pledging or mortgaging relevant assets is to provide pledge guarantees for its own borrowings or credit lines from financial institutions, which will not adversely affect the company's production and operations[58] Share Changes and Financing This section details the company's ordinary share capital, changes in controlling shareholders and actual controllers, issuance of ordinary shares and use of raised funds, and equity distribution during the reporting period Ordinary Share Capital As of June 30, 2024, the company's total share capital was 132,376,125 shares, with unrestricted shares accounting for 61.27% and restricted shares for 38.73%. The number of ordinary shareholders was 9,492. Controlling shareholder Zhang Zhen directly and indirectly held a total of 51.64% of the company's equity Ordinary Share Capital Structure | Share Nature | End of Period Quantity (shares) | Proportion (%) | | :--- | :--- | :--- | | Total Unrestricted Shares | 81,100,875 | 61.27% | | Total Restricted Shares | 51,275,250 | 38.73% | | Total Share Capital | 132,376,125 | - | | Number of Ordinary Shareholders | 9,492 | - | - Controlling shareholder Zhang Zhen directly holds 45.8058% of the company's equity and indirectly holds 5.8402% through Nanjing Lichuang Investment Management Center (Limited Partnership), totaling 51.64% of the equity[60][302] Ordinary Share Capital Structure The company's total share capital is 132,376,125 shares, with unrestricted shares accounting for 61.27% and restricted shares for 38.73%. The share capital structure did not change during the reporting period Ordinary Share Capital Structure | Share Nature | Beginning of Period Quantity (shares) | Proportion (%) | Current Period Change (shares) | End of Period Quantity (shares) | Proportion (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Total Unrestricted Shares | 81,100,875 | 61.27% | 0 | 81,100,875 | 61.27% | | Total Restricted Shares | 51,275,250 | 38.73% | 0 | 51,275,250 | 38.73% | | Total Share Capital | 132,376,125 | - | 0 | 132,376,125 | - | - The share capital structure did not change during the reporting period[59] Shareholders Holding 5% or More or Top Ten Shareholders Company's top ten shareholders include Zhang Zhen as the controlling shareholder with a 45.8058% stake, and Tongding Interconnection Information Co., Ltd. holding 10.5815%, with Zhang Zhen having an associated relationship with Nanjing Lichuang Investment Management Center (Limited Partnership) Top Ten Shareholders | No. | Shareholder Name | Shareholder Nature | End of Period Holding (shares) | End of Period Holding Proportion (%) | End of Period Restricted Shares (shares) | End of Period Unrestricted Shares (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | 1 | Zhang Zhen | Domestic Natural Person | 60,636,000 | 45.8058% | 45,477,000 | 15,159,000 | | 2 | Tongding Interconnection Information Co., Ltd. | Domestic Non-State-owned Legal Person | 14,007,407 | 10.5815% | 0 | 14,007,407 | | 3 | Nanjing Lichuang Investment Management Center (Limited Partnership) | Domestic Non-State-owned Legal Person | 7,731,000 | 5.8402% | 5,798,250 | 1,932,750 | - Shareholder Zhang Zhen is the general partner of Nanjing Lichuang Investment Management Center (Limited Partnership) and holds 99.90% of its interests[60] Changes in Controlling Shareholder and Actual Controller The company's controlling shareholder is Ms. Zhang Zhen, and the actual controllers are Mr. and Mrs. Zhang Zhen and Liu Peng. Mr. Liu Peng has served as a director of the company since August 2015, participating in daily management and major operational decisions, and substantively co-controls the company with Ms. Zhang Zhen - The company's controlling shareholder is Ms. Zhang Zhen[62] - The actual controllers are Mr. and Mrs. Zhang Zhen and Liu Peng[63] - Mr. Liu Peng has served as a director and general manager of the company since August 2015, participating in the company's daily management and major operational decisions, and substantively co-controls the company with Ms. Zhang Zhen[63] Issuance of Ordinary Shares and Use of Raised Funds During the Reporting Period The company did not issue ordinary shares during the reporting period. In 2021, the company publicly raised 348 million yuan, primarily for big data storage and intelligent processing product development and R&D center construction, marketing service network upgrade, and supplementing working capital. As of June 30, 2024, 239 million yuan has been used, with an unused raised funds account balance of 87.9464 million yuan - The issuance of ordinary shares during the reporting period is not applicable, with no public or private placements occurring[64] - In 2021, the company publicly issued shares, raising 348 million yuan for "Big Data Storage and Intelligent Processing Product Development and R&D Center Construction Project," "Marketing Service Network Upgrade Project," and "Supplementing Working Capital Project"[65] - As of June 30, 2024, total project expenditures amounted to 239 million yuan, with an unused raised funds account balance of 87.9464 million yuan (including interest income)[65] - There was no occupation or misappropriation of raised funds by controlling shareholders, actual controllers, or other related parties, nor any premature use of raised funds[65] Equity Distribution The company had no equity distribution matters during the reporting period, and the interim financial accounting report was unaudited - The company had no equity distribution matters during the reporting period[66] - The interim financial accounting report was unaudited[66] Changes in Directors, Supervisors, Senior Management, and Core Employees This section outlines the basic information and changes in the company's directors, supervisors, senior management, and core employees, as well as the overall employee situation Directors, Supervisors, Senior Management During the reporting period, the basic information and shareholdings of the company's directors, supervisors, and senior management remained stable, with no changes. The company's controlling shareholder and chairman, Ms. Zhang Zhen, and co-actual controller, director, and general manager, Mr. Liu Peng, are a married couple - The company's chairman Zhang Zhen, director and general manager Liu Peng, director and board secretary Sun Zhigang, and other key management personnel have terms of office extending to September 14, 2024[67] - The company's controlling shareholder, actual controller, director, and chairman Ms. Zhang Zhen and co-actual controller, director, and general manager Mr. Liu Peng are a married couple[68] Shareholding of Directors, Supervisors, and Senior Management | Name | Position | Beginning of Period Ordinary Shares (shares) | End of Period Ordinary Shares (shares) | End of Period Ordinary Shareholding Proportion (%) | | :--- | :--- | :--- | :--- | :--- | | Zhang Zhen | Chairman | 60,636,000 | 60,636,000 | 45.8058% | | Total | - | 60,636,000 | 60,636,000 | 45.8058% | - Changes in directors, supervisors, and senior management during the reporting period are not applicable, with no changes occurring[69] Basic Information The company's board of directors consists of 5 members, the supervisory board has 3 members, and there are 3 senior management personnel. Key members include Chairman Zhang Zhen, Director and General Manager Liu Peng, and Director and Board Secretary Sun Zhigang - The board of directors has 5 members, the supervisory board has 3 members, and there are 3 senior management personnel[67] - The company's controlling shareholder and chairman Ms. Zhang Zhen and co-actual controller, director, and general manager Mr. Liu Peng are a married couple[68] Shareholding Status Chairman Zhang Zhen holds 60,636,000 ordinary shares of the company, representing 45.8058% of the total shares, with no change in the number of shares held during the reporting period Chairman Zhang Zhen's Shareholding | Name | Position | Beginning of Period Ordinary Shares (shares) | Change in Quantity (shares) | End of Period Ordinary Shares (shares) | End of Period Ordinary Shareholding Proportion (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Zhang Zhen | Chairman | 60,636,000 | 0 | 60,636,000 | 45.8058% | Changes During the reporting period, there were no changes in the company's chairman, general manager, board secretary, chief financial officer, or independent directors - There were no changes in the chairman, general manager, board secretary, chief financial officer, or independent directors[69] Employee Situation As of the end of the reporting period, the company and its controlling subsidiaries had a total of 133 employees, with technical personnel accounting for the highest proportion at 96. The majority of employees hold bachelor's degrees, and a relatively high proportion have master's degrees or above Employees by Job Nature | Job Nature | Beginning of Period Number | Current Period Decrease | End of Period Number | | :--- | :--- | :--- | :--- | | Administrative Staff | 14 | 1 | 13 | | Sales Staff | 18 | 3 | 15 | | Technical Staff | 103 | 7 | 96 | | Financial Staff | 9 | - | 9 | | Total Employees | 144 | 11 | 133 | Employees by Education Level | Education Level | Beginning of Period Number | End of Period Number | | :--- | :--- | :--- | | Doctorate | 1 | 1 | | Master's | 22 | 22 | | Bachelor's | 97 | 85 | | Associate's | 21 | 21 | | Below Associate's | 3 | 4 | | Total Employees | 144 | 133 | Basic Information of Employees (Company and Controlling Subsidiaries) As of the end of the reporting period, the company had a total of 133 employees, a decrease of 11 from the beginning of the period. Technical personnel numbered 96, forming the majority of the company's workforce. The employee education structure is primarily bachelor's degrees, with a relatively high proportion of employees holding master's degrees or above Total Employees and Technical Personnel | Indicator | Beginning of Period Number | End of Period Number | | :--- | :--- | :--- | | Total Employees | 144 | 133 | | Technical Personnel | 103 | 96 | Employee Education Level Distribution | Education Level | End of Period Number | | :--- | :--- | | Doctorate | 1 | | Master's | 22 | | Bachelor's | 85 | | Associate's | 21 | | Below Associate's | 4 | Financial Accounting Report This section includes the audit report, consolidated and parent company financial statements (balance sheets, income statements, cash flow statements, and statements of changes in equity), and detailed notes to the financial statements Audit Report This semi-annual report has not been audited by an accounting firm - This semi-annual report has not been audited by an accounting firm[72] Financial Statements This section provides the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in shareholders' equity for the first half of 2024, presenting the financial position at the end of the reporting period and operating results and cash flow changes during the period - Provides consolidated and parent company balance sheets, reflecting the company's assets, liabilities, and owners' equity at the end of the period[72][75] - Provides consolidated and parent company income statements, showing the company's operating revenue, operating costs, various expenses, and net profit during the reporting period[78][80] - Provides consolidated and parent company cash flow statements, listing net cash flows from operating, investing, and financing activities[82][84] - Provides consolidated and parent company statements of changes in shareholders' equity, reflecting changes in each item of owners' equity during the reporting period[86][91] Consolidated Balance Sheet As of June 30, 2024, the company's consolidated total assets were 1.104 billion yuan, with current assets of 719 million yuan and non-current assets of 385 million yuan. Total liabilities were 315 million yuan, and total owners' equity was 789 million yuan Consolidated Balance Sheet Key Data | Item | June 30, 2024 (yuan) | December 31, 2023 (yuan) | | :--- | :--- | :--- | | Total Assets | 1,104,364,922.03 | 1,141,762,103.78 | | Total Current Assets | 719,141,090.92 | 1,007,145,171.07 | | Total Non-current Assets | 385,223,831.11 | 134,616,932.71 | | Total Liabilities | 315,362,264.74 | 335,902,217.34 | | Total Owners' Equity | 789,002,657.29 | 805,859,886.44 | - Monetary funds were 204 million yuan, accounts receivable 365 million yuan, inventory 89 million yuan, and construction in progress 230 million yuan[72] Parent Company Balance Sheet As of June 30, 2024, the parent company's total assets were 1.109 billion yuan, with current assets of 704 million yuan and non-current assets of 405 million yuan. Total liabilities were 322 million yuan, and total owners' equity was 787 million yuan Parent Company Balance Sheet Key Data | Item | June 30, 2024 (yuan) | December 31, 2023 (yuan) | | :--- | :--- | :--- | | Total Assets | 1,108,905,745.23 | 1,147,375,491.75 | | Total Current Assets | 703,725,929.91 | 992,802,574.40 | | Total Non-current Assets | 405,179,815.32 | 154,572,917.35 | | Total Liabilities | 322,330,507.13 | 344,005,535.08 | | Total Owners' Equity | 786,575,238.10 | 803,369,956.67 | - Parent company monetary funds were 190 million yuan, accounts receivable 364 million yuan, inventory 89 million yuan, and construction in progress 230 million yuan[75][76] Consolidated Income Statement From January to June 2024, the company's consolidated total operating revenue was 122 million yuan, a year-on-year increase of 12.01%. Operating profit was -11.3888 million yuan, and net profit was -16.8572 million yuan, a slight year-on-year decrease of 1.38% Consolidated Income Statement Key Data | Item | January-June 2024 (yuan) | January-June 2023 (yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 122,362,098.62 | 109,240,609.44 | | Operating Profit | -11,388,768.59 | -25,848,760.55 | | Net Profit | -16,857,229.15 | -16,627,664.60 | | Basic Earnings Per Share (yuan/share) | -0.13 | -0.13 | - Total operating costs were 149 million yuan, of which operating costs were 98 million yuan and R&D expenses were 22 million yuan[78] Parent Company Income Statement From January to June 2024, the parent company's operating revenue was 122 million yuan, a year-on-year increase of 11.91%. Operating profit was -11.3293 million yuan, and net profit was -16.7947 million yuan, a year-on-year reduction in loss of 4.19% Parent Company Income Statement Key Data | Item | January-June 2024 (yuan) | January-June 2023 (yuan) | | :--- | :--- | :--- | | Operating Revenue | 122,235,149.91 | 109,226,419.61 | | Operating Profit | -11,329,325.80 | -26,710,938.07 | | Net Profit | -16,794,718.57 | -17,528,757.07 | - Parent company operating costs were 98 million yuan, and R&D expenses were 22 million yuan[80] Consolidated Cash Flow Statement From January to June 2024, the company's net cash flow from operating activities was 80.9517 million yuan, a significant year-on-year increase of 262.23%. Net cash flow from investing activities was -137.2574 million yuan, and net cash flow from financing activities was -36.9533 million yuan Consolidated Cash Flow Statement Key Data | Item | January-June 2024 (yuan) | January-June 2023 (yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 80,951,658.53 | -49,900,447.30 | | Net Cash Flow from Investing Activities | -137,257,449.20 | -98,345,168.92 | | Net Cash Flow from Financing Activities | -36,953,328.46 | -27,911,369.91 | | Net Increase in Cash and Cash Equivalents | -93,259,119.13 | -176,156,986.13 | - Cash received from sales of goods and provision of services was 249 million yuan, and cash paid for purchase of goods and receipt of services was 132 million yuan[82] Parent Company Cash Flow Statement From January to June 2024, the parent company's net cash flow from operating activities was 79.8726 million yuan, a significant year-on-year increase. Net cash flow from investing activities was -137.2574 million yuan, and net cash flow from financing activities was -36.9533 million yuan Parent Company Cash Flow Statement Key Data | Item | January-June 2024 (yuan) | January-June 2023 (yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 79,872,618.74 | -47,281,625.73 | | Net Cash Flow from Investing Activities | -137,257,449.20 | -93,345,168.92 | | Net Cash Flow from Financing Activities | -36,953,328.46 | -27,911,369.91 | | Net Increase in Cash and Cash Equivalents | -94,338,158.92 | -168,538,164.56 | - Cash received from sales of goods and provision of services was 249 million yuan, and cash paid for purchase of goods and receipt of services was 132 million yuan[84] Consolidated Statement of Changes in Shareholders' Equity As of June 30, 2024, the company's consolidated total owners' equity was 789 million yuan, a decrease of 16.8572 million yuan from the beginning of the period, primarily due to a negative comprehensive income for the current period Consolidated Shareholders' Equity Changes | Item | End of H1 2024 Balance (yuan) | Beginning of H1 2024 Balance (yuan) | | :--- | :--- | :--- | | Share Capital | 132,376,125.00 | 132,376,125.00 | | Capital Reserve | 399,766,223.85 | 399,766,223.85 | | Surplus Reserve | 34,936,565.89 | 34,936,565.89 | | Undistributed Profit | 221,923,742.55 | 238,780,971.70 | | Total Owners' Equity | 789,002,657.29 | 805,859,886.44 | - Total comprehensive income for the current period was -16.8572 million yuan, leading to a decrease in owners' equity[86] Parent Company Statement of Changes in Shareholders' Equity As of June 30, 2024, the parent company's total owners' equity was 787 million yuan, a decrease of 16.7947 million yuan from the beginning of the period, primarily due to a negative comprehensive income for the current period Parent Company Shareholders' Equity Changes | Item | End of H1 2024 Balance (yuan) | Beginning of H1 2024 Balance (yuan) | | :--- | :--- | :--- | | Share Capital | 132,376,125.00 | 132,376,125.00 | | Capital Reserve | 399,766,223.85 | 399,766,223.85 | | Surplus Reserve | 34,936,565.89 | 34,936,565.89 | | Undistributed Profit | 219,496,323.36 | 236,291,041.93 | | Total Owners' Equity | 786,575,238.10 | 803,369,956.67 | - Total comprehensive income for the current period was -16.7947 million yuan, leading to a decrease in owners' equity[91] Notes to Financial Statements The notes to the financial statements detail the company's basic information, basis of preparation, accounting standards, significant accounting policies and estimates, taxation, reasons for changes in major consolidated financial statement items, R&D expenditures, changes in consolidation scope, equity in other entities, financial instrument risks, related parties and transactions, commitments and contingencies, and subsequent events after the balance sheet date - The index to notes lists important matters during the reporting period, including changes in accounting policies, accounting estimates, prior period error corrections, seasonal or cyclical characteristics of business operations, changes in related parties, and changes in consolidation scope[95][96] - Company basic information includes registered capital, registered address, business nature, main operating activities, and the ultimate controllers Zhang Zhen and Liu Peng[97][98] - The section on significant accounting policies and estimates details the recognition and measurement methods for financial instruments, inventory, long-term equity investments, fixed assets, construction in progress, and intangible assets[109][119][139][143][152][154][157] - The company faces credit risk, liquidity risk, and market risk (exchange rate risk, interest rate risk, and other price risks), and has established corresponding risk management objectives and policies[296][297][298][299][300][301] Index to Notes This section lists the index of important matters in the notes to the financial statements, including changes in accounting policies/estimates, correction of prior period errors, seasonal characteristics of business operations, changes in related parties, and changes in consolidation scope, with explanations for seasonal characteristics and changes in consolidation scope - The company's operations have seasonal or cyclical characteristics, with sales mainly concentrated in the second half of the year and expenses incurred evenly throughout the year, leading to seasonal fluctuations in income, profit, and cash flow indicators[96] - The consolidation scope of the consolidated financial statements changed, including Shenzhen Yunchuang Big Data Technology Co., Ltd. being renamed Nanjing Yunchuang Intelligent Technology Co., Ltd., and the establishment of a new wholly-owned subsidiary, Xinjiang Yunchuang Zhisu Data Center Co., Ltd[96] Company Basic Information The company's registered capital is 132,376,125.00 yuan, headquartered in Nanjing, Jiangsu Province, and operates in the software and information technology services industry. The ultimate controllers are Zhang Zhen and Liu Peng. This section also details the company's historical evolution and restructuring - The company's registered capital is 132,376,125.00 yuan, and its headquarters is located in Nanjing, Jiangsu Province[97] - The group's industry is software and information technology services, specifically engaged in IoT and big data technology development, technical consulting, technical services, technology transfer, product sales, and other business activities[98] - As of June 30, 2024, the group's ultimate controllers are: Zhang Zhen and Liu Peng[98] - The company's historical evolution includes multiple equity transfers, overall conversion to a joint-stock company, and multiple capital increases and share expansions[100][101][102][103] Basis of Financial Statement Preparation The group prepares its financial statements on a going concern basis, using the accrual basis of accounting, generally measuring accounting elements at historical cost, and assessing matters that will not affect the company's going concern ability within the next 12 months - The group prepares its financial statements on a going concern basis, using the accrual basis of accounting[104] - Company generally adopts historical cost for measuring accounting elements, and where the determined accounting element amounts can be obtained and reliably measured, replacement cost, net realizable value, present value, and fair value are used for measurement[104] - No matters have been found that would affect the company's continuous operation ability within the next 12 months[105] Statement of Compliance with Enterprise Accounting Standards The group's financial statements and notes are prepared in accordance with the "Enterprise Accounting Standards" issued by the Ministry of Finance, application guidelines, interpretations of enterprise accounting standards, and the "Information Disclosure Compilation Rules for Companies Issuing Securities to the Public No. 15—General Provisions for Financial Reports [Revised 2023]" issued by the China Securities Regulatory Commission, accurately and completely reflecting the company's financial position, operating results, cash flows, and changes in shareholders' equity - The group's financial statements and notes are prepared in accordance with the "Enterprise Accounting Standards" issued by the Ministry of Finance, application guidelines, interpretations of enterprise accounting standards, the "Information Disclosure Compilation Rules for Companies Issuing Securities to the Public No. 15—General Provisions for Financial Reports [Revised 2023]" issued by the China Securities Regulatory Commission, and relevant supplementary provisions[106] - The financial statements accurately and completely reflect the company's financial position, operating results, cash flows, and changes in shareholders' equity[106](index=106&