CHASE(SZ:300941)2024-08-27 08:27Financial Performance - The company's operating revenue for the first half of 2024 was ¥93,280,338.83, a decrease of 7.33% compared to ¥100,653,494.24 in the same period last year[11]. - The net profit attributable to shareholders for the first half of 2024 was ¥19,107,959.14, down 24.72% from ¥25,382,190.60 in the previous year[11]. - The net profit after deducting non-recurring gains and losses was ¥17,799,050.55, reflecting a decline of 25.29% compared to ¥23,825,037.54 in the same period last year[11]. - Basic earnings per share decreased by 25.00% to ¥0.09 from ¥0.12 in the same period last year[11]. - The total assets at the end of the reporting period were ¥1,332,655,413.71, down 3.85% from ¥1,385,964,531.61 at the end of the previous year[11]. - The net assets attributable to shareholders decreased by 1.53% to ¥1,257,074,339.29 from ¥1,276,556,141.73 at the end of the previous year[11]. - The weighted average return on net assets was 1.50%, a decrease of 0.52% compared to 2.02% in the previous year[11]. - The total profit for the first half of 2024 was CNY 20,160,311.98, compared to CNY 26,879,334.02 in the previous year, indicating a decrease of approximately 25.1%[110]. Cash Flow and Investments - The net cash flow from operating activities improved to -¥69,545,032.23, a 17.61% increase from -¥84,405,056.30 in the previous year[11]. - The cash flow from operating activities was -69.55 million yuan, an increase of 17.61% compared to the same period last year[22]. - The company reported a significant decrease in investment cash flow, down 51.83% to ¥79,950,272.69, primarily due to reduced recovery of financial assets[34]. - The company achieved investment income of CNY 17,739,296.41 in the first half of 2024, slightly down from CNY 18,531,935.70 in the same period of 2023, indicating a decrease of about 4.3%[109]. - The company reported a total cash inflow from investment activities of 616,776,647.86 CNY in 2024, compared to 1,049,329,595.02 CNY in 2023, a decrease of 41.2%[115]. Business Operations and Strategy - The company has transitioned from an electronic payment IT solution provider to a digital solution provider, offering comprehensive payment and marketing solutions across various industries[15]. - The company serves over 3,000 large merchants and millions of small and medium-sized merchants, including major banks and enterprises[15]. - The digital marketing business integrates resources from banks and merchants, expanding from financial institutions to larger enterprises in various sectors[18]. - The company’s main business model involves a tripartite cooperation between merchants, banks, and the company, enhancing operational efficiency and reducing costs for merchants[19]. - The company plans to continue its innovation-driven development strategy, focusing on industry payment solutions and small to medium-sized merchant payment solutions in the second half of 2024[22]. - The company is actively expanding into key industries such as elderly care, scenic areas, and medical services, aiming to enhance its digital solution offerings[22]. Market and Competitive Landscape - The company is positioned to benefit from the digital transformation of merchants, focusing on providing SaaS services to empower small and medium-sized businesses[27]. - The competitive landscape for merchant acquiring is intensifying, with a slowdown in new merchant numbers and a noticeable decline in average transaction value[26]. - The company aims to leverage advancements in payment technology to meet the evolving needs of merchants for high-value, integrated services[26]. - The marketing business is gradually expanding from financial institutions to medium and large enterprises in sectors such as telecommunications, internet, logistics, and consumer goods[22]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of ¥0.20 per 10 shares (including tax) to all shareholders[2]. - The cash dividend amount for the reporting period is 4,059,176.94 RMB, with a distribution ratio of 100% of the profit distribution total[62]. - The company emphasizes a stable dividend policy to ensure reasonable returns for shareholders[66]. - The company has committed to repurchase shares to stabilize stock prices if the closing price falls below the latest audited net asset value for 20 consecutive trading days[68]. Risk Factors and Compliance - The company faces various operational risks, which are detailed in the report, and investors are advised to be aware of these risks[2]. - The company has not experienced any significant litigation or arbitration matters during the reporting period[78]. - There were no significant related party transactions during the reporting period, including non-operating fund occupation by controlling shareholders[75][76]. - The company has fulfilled its commitment regarding share transfer and management for 36 months since the stock listing, with no violations reported as of the disclosure date[67]. Financial Reporting and Accounting Policies - The financial statements are prepared based on the going concern assumption, indicating no significant issues affecting the company's ability to continue operations for at least 12 months[132]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of its financial status[134]. - The company recognizes revenue when control of goods or services is transferred to customers, which is when customers can direct the use and obtain almost all economic benefits[194]. - The company recognizes expected credit losses based on historical data, current conditions, and future economic forecasts for financial assets measured at amortized cost[156].