Financial Performance - For the six months ended June 30, 2019, the revenue was approximately RMB 134,165,000, a decrease of about 29.2% compared to the same period in 2018[4] - The net loss attributable to the owners for the six months ended June 30, 2019, was approximately RMB 8,883,000, a significant reduction in loss of about 54.8% compared to the same period in 2018[4] - For the three months ended June 30, 2019, the revenue was approximately RMB 36,330,000, a decrease of about 62.3% compared to the same period in 2018[5] - Total revenue for the six months ended June 30, 2019, was RMB 134,165 thousand, a decrease of 29.1% compared to RMB 189,419 thousand for the same period in 2018[24] - The company reported a basic and diluted loss per share of RMB 0.27 for the six months ended June 30, 2019, compared to RMB 1.32 for the same period in 2018[9] - The total comprehensive loss for the three months ended June 30, 2019, was RMB 2,746, compared to RMB 10,350 for the same period in 2018[9] Assets and Liabilities - The total assets as of June 30, 2019, were RMB 1,156,882, a decrease from RMB 1,197,045 as of December 31, 2018[11] - The total current liabilities as of June 30, 2019, were RMB 448,627, compared to RMB 479,362 as of December 31, 2018[11] - Total liabilities decreased to RMB 792,522 thousand as of June 30, 2019, down from RMB 825,393 thousand at the end of 2018, representing a reduction of 4.0%[12] - Net assets as of June 30, 2019, were RMB 364,360 thousand, a decrease of 1.6% from RMB 371,652 thousand at the end of 2018[12] - The company reported a total equity of RMB 364,360 thousand as of June 30, 2019, compared to RMB 371,652 thousand at the end of 2018, indicating a decline of 1.9%[12] - The company's asset-liability ratio as of June 30, 2019, was 68.5%[53] Cash Flow and Expenses - Operating cash flow for the six months ended June 30, 2019, was a negative RMB 22,877 thousand, compared to a negative RMB 264,043 thousand in the same period of 2018[14] - Cash and cash equivalents as of June 30, 2019, were RMB 73,069, a decrease from RMB 101,032 as of December 31, 2018[11] - Cash and cash equivalents decreased to RMB 73,069 thousand at the end of June 30, 2019, from RMB 101,032 thousand at the beginning of the period, a reduction of 27.7%[14] - The company incurred a total interest expense of RMB 3,389 thousand for the six months ended June 30, 2019, compared to RMB 10,322 thousand in the same period of 2018, a decrease of 67.2%[28] Dividends and Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2019[4] - The company did not recommend the payment of an interim dividend for the period[50] - As of June 30, 2019, the company's director held a 29.49% stake in the company, with a total of 3,288,000,000 shares issued[73] - As of June 30, 2019, Jiangsu NandaSoft Technology Company Limited had issued a total of 3,288,000,000 shares, comprising 2,782,800,000 domestic shares and 505,200,000 H shares[79] - Jiangsu Kenen Electric Power Technology Co., Ltd. held 808,800,000 domestic shares, representing 29.06% of the domestic shares and 24.60% of the total shares[77] - Anhui Jiuxi Industrial Investment Co., Ltd. owned 577,592,975 domestic shares, accounting for 20.76% of the domestic shares and 17.57% of the total shares[77] - Fuki Investment Co., Ltd. possessed 450,000,000 domestic shares, which is 16.17% of the domestic shares and 13.69% of the total shares[77] Business Operations and Strategy - The company is focusing on developing high-margin businesses and transitioning towards intelligent project research and sales[51] - The company has established a dedicated department to assess credit limits and monitor receivables to mitigate credit risk[41] - The hardware sales business of Jiangsu Nanda Sufute Computer Equipment Co., Ltd. continued to decline due to e-commerce impacts and low-margin business adjustments, affecting overall company performance[63] - Jiangsu Zhiyazai Online Education Co., Ltd. upgraded its cloud platform to version 2.0 and developed new products including smart classrooms and VR training courses[65] - Jiangsu Nanda Sufute Medical Technology Co., Ltd. focused on chronic disease health monitoring, upgrading testing modules to enhance patient convenience and compliance[66] - The knowledge property trading platform operated by Nanjing Zhonggao Intellectual Property Co., Ltd. had nearly 300 patent stores opened by universities and over 1,800 expert flagship stores by Q2[67] - The company aims to continue innovation in smart transportation, remote education, smart healthcare, and intellectual property trading, leveraging research and technology from Nanjing University[71] Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and risk management[85] - The company emphasizes adherence to corporate governance standards to enhance transparency and risk control, aiming for long-term value creation for shareholders[84] - No directors or controlling shareholders have interests in any competing businesses[82] - The company reported no changes in the interests of major shareholders as of June 30, 2019, aside from the transfer of shares to Anhui Jiuxi Industrial Investment Co., Ltd.[80] - The company has adopted a set of securities trading codes for directors and supervisors, ensuring compliance with the GEM listing rules[83] Investments and Financing - The company plans to issue up to 3 billion new H-shares at a placement price of HKD 0.12, aiming to raise approximately HKD 360 million for debt repayment and working capital[69] - A major asset sale plan was approved, expected to generate approximately RMB 230 million in cash income for the company, to be used for the construction of the third phase of the Nanda Sufute Technology Innovation Park[70] - The company has not made any significant investments, acquisitions, or disposals during the reporting period[55] - The company has not purchased, sold, or redeemed any of its listed securities during the six months ending June 30, 2019[87]
南大苏富特(08045) - 2019 - 中期财报