税友股份(603171) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was RMB 814,483,799.42, representing a 7.45% increase compared to RMB 758,008,288.69 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was RMB 88,236,482.12, a slight increase of 0.86% from RMB 87,488,187.52 in the previous year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 82,883,519.59, which is a 17.81% increase from RMB 70,353,600.21 in the same period last year[16]. - Basic earnings per share remained stable at CNY 0.22, with a year-on-year increase of 0.00%[17]. - Diluted earnings per share also held steady at CNY 0.22, reflecting no change compared to the previous year[17]. - The weighted average return on equity increased to 3.57%, up by 0.04 percentage points from the same period last year[17]. - The return on equity after deducting non-recurring gains and losses rose to 3.35%, an increase of 0.51 percentage points year-on-year[17]. - The company achieved operating revenue of 814.48 million yuan, a year-on-year increase of 7.5%[35]. - The net profit attributable to shareholders was 88.24 million yuan, up 0.9% year-on-year, while the net profit excluding non-recurring items was 82.88 million yuan, reflecting a 17.8% increase[35]. Cash Flow and Assets - The net cash flow from operating activities was negative at RMB -283,985,097.91, an improvement from RMB -316,403,057.32 in the previous year[16]. - Total assets decreased by 5.08% to RMB 3,655,739,992.91 from RMB 3,851,262,984.17 at the end of the previous year[16]. - The company's investment properties at the end of the reporting period amounted to CNY 24,602,047.87, a decrease of 66.72% compared to CNY 73,918,977.69 in the previous period[44]. - The accounts receivable increased by 45.48% to approximately ¥247.43 million, attributed to concentrated collections in the fourth quarter[43]. - The company's short-term borrowings increased significantly to CNY 149,867,000.11, representing a 199.73% increase from CNY 50,000,000.00[44]. - The company's total assets amounted to approximately CNY 3.66 billion, a decrease from CNY 3.85 billion as of December 31, 2023, reflecting a decline of about 4.9%[88]. - The company's current assets totaled approximately CNY 2.20 billion, down from CNY 2.45 billion, indicating a decrease of around 10.0%[88]. - Cash and cash equivalents were reported at CNY 1.36 billion, a decrease of approximately 20.1% from CNY 1.70 billion at the end of 2023[88]. Business Operations and Strategy - The company focuses on digital tax and finance services, leveraging its "Yiqi Win" platform to support SMEs in digital transformation[21]. - The digital governance sector has seen significant projects, including the development of smart electronic tax systems and big data tax risk management[24]. - The promotion of electronic invoices and the "Golden Tax Phase IV" initiative is expected to enhance compliance and efficiency in tax management[22][23]. - The company aims to support the modernization of fiscal systems in China through continuous technological upgrades and service enhancements[26]. - The overall digital transformation in tax governance is anticipated to drive demand for high-quality financial and tax services[23]. - The company has a large and stable customer base for its "Yiqiying" smart tax service cloud platform, enhancing its market position and brand image[28]. - The company has invested in the development of a financial and tax vertical large language model, utilizing over 10 billion tokens for training various fine-tuned models[36]. - The company aims to deepen its services in tax governance and expand its offerings to economic management and research departments[27]. Shareholder and Investor Relations - The company did not distribute cash dividends or bonus shares during this reporting period[4]. - The company has implemented a profit distribution policy to enhance investor returns, ensuring the protection of shareholders' interests, especially for minority shareholders[62]. - The company plans to establish a shareholder return mechanism, including a three-year dividend plan post-listing, to improve transparency and operability of cash dividends[62]. - The company commits to not transferring shares during the lock-up period and will adhere to regulations regarding share transfers by directors and senior management[60]. - The company will ensure compliance with relevant laws and regulations regarding the management and use of raised funds to protect shareholders' long-term interests[61]. - The company will take legal measures to ensure investor rights are effectively protected in case of any misleading statements in the prospectus[63]. - The company will compensate investors for losses incurred due to any false statements or omissions in the prospectus[63]. - The company has established a clear profit distribution policy to enhance investor confidence[65]. Compliance and Governance - There were no significant risks that materially affected the company's operations during the reporting period[10]. - The company has not engaged in non-operating fund occupation by controlling shareholders or related parties[10]. - The company has not reported any violations or penalties against its directors or senior management[68]. - The company has committed to maintaining the independence of its operations and assets[68]. - The company has not engaged in any major litigation or arbitration during the reporting period[68]. - The company has not disclosed any major related party transactions during the reporting period[69]. - The company has established a governance structure that aligns with its development stage and scale to enhance operational and management efficiency[61]. Environmental and Social Responsibility - The company contributed a total of 807,600 RMB to assist 28 impoverished households directly and 76 households indirectly through a consumption assistance program[56]. - The company donated over 3000 RMB worth of warm gifts to elderly residents during the Laba Festival, promoting social care[56]. - The company participated in the "Spring Breeze Action" in Hangzhou, donating 50,000 RMB to support local initiatives[56]. - The company has recycled 20,750 PET bottles, reducing carbon emissions by 589 kg and planting 9 trees as part of its environmental initiatives[56]. Research and Development - Research and development expenses amounted to CNY 35,780,381.26, down 32.8% from CNY 53,129,884.66 in the previous year[97]. - The company recognizes internal R&D project expenditures as expenses during the research phase and capitalizes them during the development phase if certain criteria are met[159][160].