Seeyon(688369)2024-08-30 10:42Financial Performance - The company's operating revenue for the first half of 2024 was ¥402,139,344.52, a decrease of 16.01% compared to ¥478,817,847.23 in the same period last year[14]. - The net profit attributable to shareholders of the listed company was -¥68,424,809.24, representing a decline of 433.78% from a profit of ¥20,500,011.08 in the previous year[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥70,471,239.77, a decrease of 493.57% compared to ¥17,905,586.54 in the same period last year[14]. - The net cash flow from operating activities was -¥168,203,909.05, compared to -¥183,595,412.25 in the previous year, indicating no applicable percentage change[14]. - The net assets attributable to shareholders of the listed company at the end of the reporting period were ¥1,243,316,021.21, a decrease of 10.61% from ¥1,390,856,115.34 at the end of the previous year[14]. - Total assets at the end of the reporting period were ¥1,714,270,179.38, down 9.34% from ¥1,890,826,086.97 at the end of the previous year[14]. - The basic earnings per share were -0.60 yuan, representing a decline of 340.00% year-on-year[17]. - The diluted earnings per share also stood at -0.60 yuan, reflecting the same decline as the basic earnings per share[17]. - The weighted average return on equity was -5.20%, down 6.60 percentage points year-on-year[17]. - The total comprehensive income for the first half of 2024 was approximately -¥73.48 million, compared to ¥38.77 million in the same period of 2023[125]. Research and Development - The proportion of R&D expenditure to operating income increased to 29.23%, up by 4.74 percentage points from the previous year[17]. - The company applied for 1 new invention patent and received approval for 4 patents during the reporting period, bringing the total approved patents to 35[39]. - The company obtained 37 new software copyrights, with a total of 386 copyrights certified as of June 30, 2024[39]. - R&D expenses totaled ¥117,553,421.90, a slight increase of 0.23% compared to ¥117,278,817.59 in the same period last year[40]. - R&D expenses accounted for 29.23% of operating revenue, up from 24.49% year-on-year[40]. - The number of R&D personnel decreased to 624, accounting for 24.06% of the total workforce, up from 22.34% in the previous year[47]. - The average salary of R&D personnel increased to 16.86 million RMB, compared to 15.82 million RMB in the previous year[47]. - The company has established a collaborative research institute to promote innovation in product technology through industry-academia cooperation[49]. - The R&D investment remains a priority, with continuous efforts to enhance product innovation and maintain competitive advantages in the market[49]. Market and Product Development - The company continues to focus on enterprise-level collaborative management software, enhancing its product offerings and cloud services[20]. - The company is committed to a platform-based and ecological development strategy in the collaborative management software sector[20]. - The company is focused on digital transformation through professional HR services, helping enterprises achieve DHR digital transformation[23]. - The data collection cloud service, based on Formtalk, offers customized data collection and intelligent report analysis capabilities, enhancing business and data connectivity[23]. - The marketing service cloud provides a comprehensive online marketing loop, improving delivery efficiency and controlling marketing costs effectively[23]. - The company has launched a new generation collaborative management technology platform, COP-V8, which supports both large organizations' private cloud deployment and small organizations' SaaS online subscription models[49]. - The company has developed various products tailored for different market segments, including A9 for large enterprises and A6 for small organizations, enhancing its product diversity[50]. - The company has completed the research and development of its iForm product, which integrates AI capabilities for intelligent data collection and analysis, set to be commercially launched at the upcoming user conference[44]. - The company aims to expand its customer base by leveraging AI value-added services to achieve sustainable revenue growth[44]. Strategic Initiatives - The company is investing ¥20,742.14 million in a cloud-native collaborative operation technology platform, with ¥3,994.35 million spent in the current period[42]. - A total of ¥17,108.98 million is allocated for upgrading the collaborative technology platform based on trusted innovation, with ¥1,837.62 million invested this period[42]. - The company is developing an AI and trusted innovation-based collaborative operation platform with a total investment of ¥6,800.00 million, having invested ¥2,096.55 million so far[43]. - The integrated collaborative operation management platform for central state-owned enterprises has a projected investment of ¥13,000.00 million, with ¥3,644.29 million invested to date[43]. - The company aims to enhance the value of its collaborative operation platform and improve profitability and core competitiveness through cloud transformation strategies[42]. - The company is focusing on expanding its market presence in the central state-owned enterprise sector, anticipating significant growth in the next three to five years[43]. - The company is focusing on optimizing its organizational structure and reducing costs to enhance operational efficiency and support long-term growth[65]. - The company plans to explore strategic acquisitions to enhance market presence and operational efficiency[120]. Environmental Responsibility - The company promotes a paperless office initiative, significantly contributing to carbon reduction goals through its collaborative management system[83]. - The company has implemented measures to reduce waste, including encouraging double-sided printing and proper waste classification[84]. - The company is committed to fulfilling its environmental responsibilities and actively participates in green development initiatives[82]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[82]. - The company’s main business does not involve activities classified as heavily polluting by national standards[82]. - The company has established mechanisms for environmental protection and is not classified as a key pollutant discharge unit[82]. - The company’s commitment to environmental sustainability includes leveraging advanced digital technologies for operational efficiency[84]. Governance and Compliance - The report includes a forward-looking statement risk declaration, indicating that future plans and strategies do not constitute a commitment to investors[3]. - There were no significant changes in the company's governance structure or special arrangements during the reporting period[3]. - The company reported a commitment to ensure the accuracy and completeness of its prospectus and other disclosure materials, taking legal responsibility for any false statements or omissions[90]. - The controlling shareholder, Xu Shi, committed to not exceeding a 10% reduction of shares held within two years after the lock-up period ends, with a maximum reduction of 1% of total shares in any month[89]. - The company will ensure that any share reduction after the lock-up period complies with relevant laws and regulations, including pricing not lower than the issue price[89]. - The company has established measures to prevent competition with its own subsidiaries, ensuring that no direct or indirect competitive activities occur[93]. - The company will prioritize its business opportunities over those of related parties to avoid conflicts of interest and protect its interests[93]. - The company has committed to maintaining the independence of its operations and decision-making processes, respecting its status as a separate legal entity[93]. Shareholder Information - The total number of shareholders is 6,678[109]. - The company repurchased 4,834,176 shares, accounting for 4.20% of the total share capital[112]. - The top ten shareholders include China Construction Bank with 3,000,000 shares and GF Securities with 2,047,000 shares, both holding common shares[112]. - Xu Shi holds 24,264,650 shares, representing a significant portion of the company's equity[112]. - Zhang Jingbing has a holding of 4,725,255 shares, indicating a notable stake in the company[112]. - The report indicates no changes in the top ten shareholders due to securities lending activities[112]. - There are no new strategic investors or general corporations becoming top shareholders through new share placements[114]. - The company has not issued any stock options or restricted stock during the reporting period[114]. Financial Reporting and Accounting - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that its financial statements reflect a true and complete picture of its financial status[147]. - The company’s accounting period runs from January 1 to December 31 each year[148]. - The company uses RMB as its functional currency, while its subsidiary Sheng Tai International Investment Inc. uses USD[150]. - The company has established materiality thresholds for financial reporting, including a 5% threshold for significant receivables and investments[151]. - The company follows specific accounting treatments for mergers, recognizing goodwill when the acquisition cost exceeds the fair value of identifiable net assets[153]. - The company includes all subsidiaries in its consolidated financial statements, reflecting the overall financial position and results of the group[154]. - The company has not identified any significant issues that would affect its ongoing operations or financial reporting[145].