三维天地(301159) - 2024 Q2 - 季度财报

Part I Important Notice, Table of Contents, and Definitions This section provides an important notice, the report's table of contents, and definitions of key terms used throughout the report Important Notice The board, supervisory board, and senior management guarantee the report's truthfulness, accuracy, and completeness, assuming legal responsibility - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the report's content, and assume legal responsibility[2] - Company head Jin Zhen, chief accountant Wang Zhaojun, and head of accounting department He Xiao declare the financial report is true, accurate, and complete[2] - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital[2] Table of Contents This chapter lists the complete structure of the 2024 Semi-Annual Report, providing an overall framework for investors Definitions This chapter defines key terms and abbreviations used, ensuring clear understanding of the report's content - The company's abbreviation "Sunway World" refers to Beijing Sunway World Technology Co., Ltd[6] - Data Asset Management (DAM) is a set of business functions aimed at planning, controlling, and providing data and information assets to enhance their value[6] - Master Data (MD) refers to data shared across various systems throughout the enterprise, requiring consistency, completeness, and controllability[6] Part II Company Profile and Key Financial Indicators This section introduces the company's basic information, contact details, and presents key financial data and indicators for the reporting period 1. Company Profile Beijing Sunway World Technology Co., Ltd. (stock code: 301159) is listed on the Shenzhen Stock Exchange, with Jin Zhen as its legal representative - Company stock abbreviation: Sunway World, stock code: 301159[7] - Company listed on: Shenzhen Stock Exchange[7] - Company's legal representative is Jin Zhen[7] 2. Contact Persons and Information The company's board secretary is Peng Wei, and the securities affairs representative is Liu Shangjia, with consistent contact details - Board Secretary: Peng Wei, Securities Affairs Representative: Liu Shangjia[8] - Contact address: 309, 3rd Floor, Building A, No. 119, West 4th Ring North Road, Haidian District, Beijing[8] - Email: info@sunwayworld.com[8] 3. Other Information There were no changes in the company's contact information, information disclosure, or registration status during the reporting period - The company's registered address, office address, website, and email remained unchanged during the reporting period[9] - Information disclosure and storage locations remained unchanged during the reporting period[10] - The company's registration status remained unchanged during the reporting period[11] 4. Key Accounting Data and Financial Indicators In H1 2024, revenue grew by 9.25% to 66.22 million yuan, but net loss attributable to shareholders widened by 19.28% to -68.90 million yuan 2024 Semi-Annual Key Accounting Data and Financial Indicators | Indicator | Current Reporting Period (yuan) | Prior Year Period (yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 66,219,259.28 | 60,613,936.48 | 9.25% | | Net Profit Attributable to Shareholders of Listed Company | -68,903,084.80 | -57,764,030.23 | -19.28% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Items) | -64,665,767.26 | -60,020,141.95 | -7.74% | | Net Cash Flow from Operating Activities | -104,621,822.82 | -66,816,477.09 | -56.58% | | Basic Earnings Per Share (yuan/share) | -0.89 | -0.75 | -18.67% | | Diluted Earnings Per Share (yuan/share) | -0.89 | -0.75 | -18.67% | | Weighted Average Return on Net Assets | -8.43% | -7.10% | -1.33% | | Period-End Indicators | Current Period-End (yuan) | Prior Year-End (yuan) | Period-End YoY Change | | Total Assets | 953,470,355.98 | 1,029,580,061.07 | -7.39% | | Net Assets Attributable to Shareholders of Listed Company | 779,930,908.87 | 852,249,004.42 | -8.49% | 5. Differences in Accounting Data under Domestic and Overseas Accounting Standards The company reported no differences in net profit and net assets between international/overseas and Chinese accounting standards - The company's financial reports for the reporting period show no differences in net profit and net assets when disclosed under international accounting standards versus Chinese accounting standards[13] - The company's financial reports for the reporting period show no differences in net profit and net assets when disclosed under overseas accounting standards versus Chinese accounting standards[13] 6. Non-Recurring Gains and Losses and Amounts Non-recurring losses totaled -4.24 million yuan, primarily due to government subsidies, non-operating expenses, and share-based payments Non-Recurring Gains and Losses and Amounts | Item | Amount (yuan) | | :--- | :--- | | Government subsidies included in current profit or loss | 545,215.97 | | Other non-operating income and expenses apart from the above | -441,406.13 | | Other non-recurring gains and losses as defined | -4,305,011.59 | | Less: Income tax impact | 36,115.79 | | Total | -4,237,317.54 | - Other non-recurring gains and losses as defined primarily represent the difference between the amount at which shares held by a departing employee of the shareholding platform were transferred to the actual controller, Mr. Jin Zhen, and the fair market price of those shares, recognized as share-based payment[15] Part III Management Discussion and Analysis This section provides an in-depth analysis of the company's main business, core competencies, financial performance, and risk factors 1. Main Business Activities During the Reporting Period The company's core business involves R&D, sales, and implementation of application software for inspection and testing informatization and data asset management - The company's main business is the research and development, sales, and implementation of application software products such as inspection and testing informatization and data asset management, and providing related technical services[16] - The company's products are widely used in government agencies such as food and drug supervision, environmental protection, market supervision, and disease control centers, as well as large enterprise groups like CNOOC, China Minmetals, and China Energy Investment Group[16] - The company's main business is divided into four categories: inspection and testing information management, data asset management, supply chain management, and technical services[16] 1.1 Company's Main Business The company's main business includes inspection and testing information management, data asset management, supply chain management, and technical services - Inspection and testing information management business main products include inspection and testing information management platform, inspection and testing cloud platform, and National Quality Infrastructure (NQI) "one-stop" service platform[17] - The data asset management platform, with "data asset value release" as its core objective, offers 14 sub-platforms covering DAM full-domain data management functions, utilizing knowledge graphs, machine learning, and deep learning algorithms[24] - Supply chain management business products include e-commerce procurement systems (EC) and supply chain management systems (SCM), applicable to industries such as energy, petrochemicals, and engineering construction[29] - Technical services include operation and maintenance services, process optimization consulting, data asset management consulting, and information system compliance verification services[30] 1.2 Company's Main Business Model The company's operating model encompasses R&D driven by industry needs, direct sales, and revenue generation from software sales, implementation, and technical services - R&D model: Based on industry demand, guided by emerging technologies, founded on iterative development, and controlled by quality[31] - Marketing model: Primarily direct sales, acquiring government and enterprise clients through public and invited tenders[33] - Profit model: Primarily from main business software product sales and implementation, operation and maintenance services, and technical consulting[35] 1.3 Industry Development Status The software and information technology services industry, including inspection and testing, and data asset management, shows strong growth driven by digital economy and policy support - In the first half of 2024, China's software and information technology services industry achieved 6,235 billion yuan in software business revenue, a 11.5% year-on-year increase; total profit was 734.7 billion yuan, a 15.7% year-on-year increase[35] - By the end of 2023, China had 53,834 qualified inspection and testing institutions, a 2.02% year-on-year increase; annual operating revenue reached 467.01 billion yuan, a 9.22% year-on-year increase[36] - National policies vigorously promote the construction of data element markets, with the data asset management market size expected to maintain high growth in the future[38] 2. Analysis of Core Competencies The company's core strengths lie in its robust R&D capabilities, extensive brand and client resources, nationwide sales network, and experienced talent pool - The company is a national high-tech enterprise, with rich industry application experience in knowledge graphs, machine learning, artificial intelligence, data mining, and natural language processing[40] - As of June 30, 2024, the company and its subsidiaries held 108 patents (including 95 invention patents) and 187 software copyrights[40] - In the inspection and testing informatization field, the company has served over 2,500 clients; in the data asset field, it has served over 40 central enterprises and well-known companies[43] - The company has established a sales, implementation, and operation and maintenance service system covering major national markets, with 4 subsidiaries in Hong Kong, Hainan, Guangdong, and Guangxi, and 17 branches in various regions[44] - Technical personnel account for over 85% of the company's workforce, and employees with bachelor's degrees or higher account for over 96%, with the core technical team averaging over 10 years of service at the company[46] 2.1 Technological R&D Advantages As a high-tech enterprise, the company possesses deep expertise in AI and big data, holding numerous patents and software copyrights, with products compatible with domestic IT systems - The company has been certified as a Beijing Enterprise Technology Center and is a founding member of the Information and Intelligentization Working Committee of the China Inspection and Testing Society[40] Newly Added Patents During the Reporting Period | No. | Patent Type | Patent Name | Authorization Date | | :--- | :--- | :--- | :--- | | 1 | Invention Patent | A Visualization Report Configuration Method and System for Experimental Big Data | 2024.02.06 | | 2 | Invention Patent | A New Energy Battery Detection Method and System | 2024.02.06 | | 3 | Invention Patent | An Offline Mobile APP System for On-site Environmental Monitoring | 2024.02.06 | | 4 | Design Patent | Graphical User Interface for Displaying Data Cloud Map on a Display Screen Panel | 2024.02.06 | | 5 | Design Patent | Graphical User Interface for Master Data Management Platform on Computer or Display Terminal | 2024.03.15 | | 6 | Invention Patent | A Platform for Integrating and Regulating Third-Party Environmental Testing Institutions | 2024.03.15 | | 7 | Invention Patent | A Recommendation Method and System for Inspection and Testing Institutions Based on Data Aggregation Recommendation Algorithm | 2024.04.05 | | 8 | Invention Patent | A Sample Library Visualization Management Method | 2024.05.07 | | 9 | Invention Patent | A Master Data Tagging Method and System Based on Rule Engine | 2024.6.11 | | 10 | Invention Patent | A Data Asset Indicator Question Answering Method and System Based on LLM | 2024.6.11 | Newly Added Software Copyrights During the Reporting Period | No. | Software Copyright No. | Software Name | Issuance Date | | :--- | :--- | :--- | :--- | | 1 | Soft Copyright Reg. No. 12466807 | Zhiqian Master Data Management Platform [Abbr: SW-MDM] V13.0 | 2024/1/10 | | 2 | Soft Copyright Reg. No. 12512173 | Component Data Collection Management System [Abbr: Component Data Collection System] V6.0 | 2024/1/16 | | 3 | Soft Copyright Reg. No. 12637723 | Metrology Management System V14.0 | 2024/2/5 | - The company's self-developed products comply with the Xinchuang system requirements, having obtained Kunpeng Technology Certification, Huawei Technology Certification, etc., enabling efficient operation in a fully domestically produced software and hardware environment[42] 2.2 Brand and Customer Resource Advantages The company, a leading provider in its field, holds ISO and CMMI Level 5 certifications, serving over 2,500 inspection clients and 40+ state-owned enterprises - The company has obtained ISO90001 quality management system certification, ISO27001 information security management system certification, and the highest level CMMI Level 5 assessment certification[43] - In the inspection and testing informatization field, the company has served over 2,500 clients, achieving comprehensive coverage across government and third-party testing institutions, manufacturing, and R&D sectors[43] - In the data asset field, products serve over 40 central enterprises such as China Construction, China Energy Engineering, and Sinochem Group, as well as well-known companies like BYD and ZTE[43] 2.3 Sales and Service Network Advantages The company established a nationwide sales, implementation, and maintenance service system, with 4 subsidiaries and 17 branches, ensuring rapid response and project success - The company has established 4 subsidiaries in Hong Kong, Hainan, Guangdong, and Guangxi, 17 branches in areas such as Xiamen, Shanghai, Guangzhou, and Shenzhen, and multiple service outlets in regions like Shijiazhuang[44] - This service network enables close and immediate response to product implementation, delivery, and operation and maintenance services, effectively ensuring project deployment efficiency and success rate[44][45] 2.4 Talent and Team Advantages The company boasts a stable, highly skilled R&D and technical team, with over 85% technical staff and 96% holding bachelor's degrees or higher - The company's technical personnel account for over 85% of the workforce, and employees with bachelor's degrees or higher account for over 96%[46] - The company's core technical team has an average tenure of over 10 years at the company[46] - The company's management, including actual controller Jin Zhen, director Luo Shiwen, and director and deputy general manager Wang Zhaojun, possess extensive industry experience and technical expertise, holding important positions in various industry organizations[46] 3. Analysis of Main Business The company's main business revenue grew by 9.25% to 66.22 million yuan, but net loss attributable to shareholders (excluding non-recurring items) widened by 7.74% - From January to June 2024, the company achieved main business revenue of 66.22 million yuan, a 9.25% year-on-year increase[47] - The company's net profit attributable to shareholders (excluding non-recurring items) was -64.67 million yuan, a 7.74% wider loss compared to the same period last year[47] - The company's data asset management platform integrates AI large model technology, adding functional modules such as ChatDOC and ChatBI, assisting clients in building a data asset operation system[47] - The company launched a new intelligent inspection and testing platform, integrating AI applications and direct equipment acquisition functions, helping the industry transition from "quality inspection" to "intelligent inspection"[49] - The company's book "Data Asset Management - System, Methods, and Practice," edited by the company, was officially published by Tsinghua University Press, enhancing brand image and industry influence[55] 3.1 Overview The company focused on digital economy and innovation, integrating AI into its data asset management and inspection platforms, while expanding market presence and enhancing brand - The company's data asset management platform integrates AI large model technology, adding functional modules such as ChatDOC and ChatBI, to help enterprises achieve data asset operation upgrades[47] - The company launched a new intelligent inspection and testing platform, promoting the integrated development of "big data + inspection and testing," assisting clients in transforming sub-business "quality inspection" to "intelligent inspection"[49] - The company's Master Data Management Platform released its V13 new version, adding functions such as document numbering, intelligent modeling, model classification control, and privacy data identification[53] - The company's Data Element Transaction Operation Management Platform was officially launched, serving various data bureaus/data element transaction institutions/data element service enterprises, promoting unified data element rights confirmation, secure development, centralized transaction, and integrated operation[54] - The company's book "Data Asset Management - System, Methods, and Practice," edited by the company, was officially published by Tsinghua University Press, and the company participated in writing multiple white papers and standards related to data elements[55] 3.2 Year-on-Year Changes in Key Financial Data Revenue increased by 9.25%, but operating costs rose significantly by 34.93% due to increased labor, while net cash flow from operating activities decreased by 56.58% Year-on-Year Changes in Key Financial Data | Indicator | Current Reporting Period (yuan) | Prior Year Period (yuan) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 66,219,259.28 | 60,613,936.48 | 9.25% | | | Operating Costs | 49,350,053.89 | 36,574,720.24 | 34.93% | Driven by increased operating revenue, increased project labor input | | Selling Expenses | 20,941,517.35 | 17,995,269.69 | 16.37% | | | Administrative Expenses | 30,849,863.20 | 24,431,214.42 | 26.27% | | | Financial Expenses | -4,003,285.42 | -2,885,532.26 | -38.74% | Increased interest income | | Income Tax Expense | -10,770,296.54 | -9,623,963.53 | -10.08% | | | R&D Investment | 54,716,821.79 | 57,762,331.15 | -5.27% | | | Net Cash Flow from Operating Activities | -104,621,822.82 | -66,816,477.09 | -56.58% | Increased cash paid to and for employees | | Net Cash Flow from Investing Activities | -17,614,057.54 | -30,566,586.90 | 42.37% | Larger amount of real estate purchased in the prior period | | Net Cash Flow from Financing Activities | -15,141,136.65 | -8,880,252.81 | -70.50% | Dividends paid in the current period | | Net Increase in Cash and Cash Equivalents | -137,367,790.78 | -106,276,879.68 | -29.25% | | 3.3 Products or Services Accounting for Over 10% of Revenue Software product sales and implementation revenue grew by 1.75%, but gross margin declined by 10.43%, while maintenance service revenue surged by 49.52% with a 37.81% drop in gross margin Breakdown by Product or Service | Product or Service | Operating Revenue (yuan) | Operating Costs (yuan) | Gross Margin | YoY Change in Operating Revenue | YoY Change in Operating Costs | YoY Change in Gross Margin | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Software Product Sales and Implementation | 51,999,144.80 | 39,788,914.16 | 23.48% | 1.75% | 17.80% | -10.43% | | Operation and Maintenance Services | 14,220,114.48 | 9,561,139.73 | 32.76% | 49.52% | 241.55% | -37.81% | - The increase in operation and maintenance service revenue is primarily due to the company's growing customer base and an increase in operation and maintenance orders and revenue year by year[60] - The decrease in operation and maintenance service gross margin is primarily due to the company investing more professional personnel in the operation and maintenance team to enhance customer satisfaction and loyalty, leading to a significant increase in operation and maintenance costs[60] 3.4 Industry Segments Accounting for Over 10% of Revenue or Operating Profit All main business revenue came from the software and information technology services industry, with significant regional variations in revenue and cost growth Breakdown by Customer Industry | Industry | Operating Revenue (yuan) | Operating Costs (yuan) | Gross Margin | YoY Change in Operating Revenue | YoY Change in Operating Costs | YoY Change in Gross Margin | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Software and Information Technology Services | 66,219,259.28 | 49,350,053.89 | 25.47% | 9.25% | 34.93% | -14.19% | Breakdown by Region | Region | Operating Revenue (yuan) | Operating Costs (yuan) | Gross Margin | YoY Change in Operating Revenue | YoY Change in Operating Costs | YoY Change in Gross Margin | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | North China | 11,118,261.31 | 8,983,762.21 | 19.20% | -20.62% | 33.43% | -32.73% | | East China | 25,069,216.30 | 18,067,925.59 | 27.93% | -6.04% | 2.52% | -6.01% | | South China | 13,413,057.50 | 10,969,884.69 | 18.21% | 27.02% | 64.87% | -18.78% | | Central China | 6,974,162.07 | 4,619,677.69 | 33.76% | 1,451.85% | 3,392.40% | -36.81% | - Customer revenue in Central China increased by 1,451.85%, operating costs increased by 3,392.40%, and gross margin decreased by -36.81%, primarily because the company's sales efforts in the Central China region began to show results, but costs fluctuated significantly[61] 3.5 Composition of Main Business Costs Main business costs increased by 34.93%, with labor costs accounting for 86.08% and rising by 39.62%, reflecting increased project investment and enhanced service teams Composition of Main Business Costs | Cost Component | Current Reporting Period Amount (yuan) | Proportion of Operating Costs | Prior Year Period Amount (yuan) | Proportion of Operating Costs | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Labor Costs | 42,481,120.69 | 86.08% | 30,426,959.90 | 83.19% | 39.62% | | Purchased Hardware | 409,480.54 | 0.83% | 800,126.06 | 2.19% | -48.82% | | Purchased Software | 946,489.11 | 1.92% | 1,465,543.54 | 4.01% | -35.42% | | Purchased Technical Services | 3,967,453.94 | 8.04% | 2,639,457.47 | 7.22% | 50.31% | | Other | 1,545,509.61 | 3.13% | 1,242,633.27 | 3.40% | 24.37% | - Labor costs increased by 39.62% year-on-year, primarily due to increased operating revenue, new product project investments, and increased investment in the operation and maintenance team to enhance customer satisfaction[59] - Purchased software decreased by 35.42%, primarily because the company's self-developed products are increasingly mature and comply with national Xinchuang system requirements, reducing demand for externally purchased software[59] 4. Analysis of Non-Core Business Non-core business primarily involved asset impairment reversals of 0.15 million yuan and non-operating expenses of -0.44 million yuan, which are non-recurring Non-Core Business Analysis | Item | Amount (yuan) | Proportion of Total Profit | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Asset Impairment | 148,353.46 | -0.18% | Reversal of contract assets | No | | Non-Operating Expenses | -441,406.13 | 0.55% | Penalty expenses | No | 5. Analysis of Assets and Liabilities Total assets decreased by 7.39% to 953.47 million yuan, with a 10.99% reduction in monetary funds and a 7.79% increase in inventory Significant Changes in Asset Composition | Item | Current Period-End Amount (yuan) | Proportion of Total Assets | Prior Year-End Amount (yuan) | Proportion of Total Assets | Proportion Change | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 300,801,836.49 | 31.55% | 437,997,589.35 | 42.54% | -10.99% | Primarily due to increased operating expenses | | Inventory | 191,309,488.16 | 20.06% | 126,379,923.49 | 12.27% | 7.79% | Primarily due to unconfirmed revenue from outstanding orders | | Construction in Progress | 27,742,534.35 | 2.91% | 12,643,886.85 | 1.23% | 1.68% | Primarily due to new real estate acquisitions by the company in the current period | | Contract Liabilities | 61,135,959.29 | 6.41% | 49,946,960.33 | 4.85% | 1.56% | | - As of June 30, 2024, restricted monetary funds of 3.86 million yuan were for performance guarantees and project deposits[65] 5.1 Significant Changes in Asset Composition Monetary funds decreased by 10.99% due to increased operating expenses, while inventory rose by 7.79% from unconfirmed orders, and construction in progress increased by 1.68% due to new property acquisitions Significant Changes in Asset Composition | Item | Current Period-End Amount (yuan) | Proportion of Total Assets | Prior Year-End Amount (yuan) | Proportion of Total Assets | Proportion Change | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 300,801,836.49 | 31.55% | 437,997,589.35 | 42.54% | -10.99% | Primarily due to increased operating expenses | | Inventory | 191,309,488.16 | 20.06% | 126,379,923.49 | 12.27% | 7.79% | Primarily due to unconfirmed revenue from outstanding orders | | Construction in Progress | 27,742,534.35 | 2.91% | 12,643,886.85 | 1.23% | 1.68% | Primarily due to new real estate acquisitions by the company in the current period | | Contract Liabilities | 61,135,959.29 | 6.41% | 49,946,960.33 | 4.85% | 1.56% | | 5.4 Asset Restrictions as of the End of the Reporting Period As of June 30, 2024, 3.86 million yuan in monetary funds were restricted for performance guarantees and project deposits - As of June 30, 2024, restricted monetary funds of 3,859,088.84 yuan were for performance guarantees and project deposits[65] 6. Analysis of Investment Status The company raised 515.54 million yuan, with 415.79 million yuan invested, and some projects completed with remaining funds transferred to working capital - The company's total raised funds amounted to 515.54 million yuan, with 86.65 million yuan invested during the reporting period, and a cumulative investment of 415.79 million yuan[66] - On April 26, 2024, some of the company's raised fund investment projects, "Quality Big Data Platform R&D and Industrialization Project" and "Marketing Service Center Construction Project," were completed, and the remaining raised funds of 59.55 million yuan were permanently transferred to working capital[71] - As of June 30, 2024, the company's remaining raised funds (including accumulated bank deposit interest and wealth management income net of bank charges) totaled 115.67 million yuan[66] 6.1 Use of Raised Funds The company invested 86.65 million yuan in raised funds during the period, with a cumulative investment of 415.79 million yuan, and 59.55 million yuan of surplus funds permanently transferred to working capital Overall Use of Raised Funds | Indicator | Amount (million yuan) | | :--- | :--- | | Total Raised Funds | 515.54 | | Total Raised Funds Invested in Current Period | 86.65 | | Total Raised Funds Cumulatively Invested | 415.79 | Raised Fund Commitment Projects | Committed Investment Project | Committed Investment Amount of Raised Funds (1) (million yuan) | Amount Invested in Current Period (million yuan) | Cumulative Amount Invested as of Period-End (2) (million yuan) | Investment Progress as of Period-End (3)＝(2)/(1) | Date Reached Intended Usable State | | :--- | :--- | :--- | :--- | :--- | :--- | | Quality Big Data Platform R&D and Industrialization Project | 179.22 | 0.96 | 137.25 | 76.58% | April 18, 2024 | | Data Asset Management Intelligent Upgrade Project | 172.25 | 14.25 | 134.54 | 78.10% | | | Wuhan R&D Center Construction Project | 103.18 | 3.73 | 42.88 | 41.56% | | | Marketing Service Center Construction Project | 45.66 | 8.17 | 32.57 | 71.33% | April 18, 2024 | | Permanent Supplement to Working Capital with Surplus Raised Funds | | 59.55 | 59.55 | | | - The company has permanently transferred a total of 59.55 million yuan of surplus raised funds (including accumulated bank deposit interest and wealth management income net of bank charges) to supplement working capital[71] 7. Significant Asset and Equity Sales The company did not engage in any significant asset or equity sales during the reporting period - The company did not sell significant assets during the reporting period[74] - The company did not sell significant equity during the reporting period[75] 8. Analysis of Major Holding and Participating Companies The company had no significant holding or participating company information to disclose during the reporting period - The company had no significant holding or participating company information to disclose during the reporting period[75] 9. Structured Entities Controlled by the Company The company did not control any structured entities during the reporting period - The company did not control any structured entities during the reporting period[76] 10. Risks Faced by the Company and Countermeasures The company faces risks including seasonal performance fluctuations, accounts receivable bad debts, R&D and project implementation shortfalls, and talent loss - The company's performance is subject to seasonal fluctuations, with lower revenue in the first half and a higher proportion in the second half, especially the fourth quarter, while expenses are evenly distributed, leading to tight profits and cash flow in the first half[76] - The company has a large balance of accounts receivable and a long collection cycle, posing a risk of bad debts[77] - The company faces risks of declining product competitiveness due to rapid technological updates, insufficient R&D investment, or incorrect trend assessment, as well as risks of raised fund investment projects not meeting expectations[78] - The intensifying competition for talent in the software industry means the company may face the risk of losing core technical and business personnel[79] 11. Registration Form for Research, Communication, and Interview Activities During the Reporting Period On May 22, 2024, the company held an online investor communication session, with details available in the investor activity record - On May 22, 2024, the company communicated with investors online via the "Panorama Roadshow World" network platform; details can be found in the investor activity record table[80] 12. Implementation of "Dual Improvement in Quality and Returns" Action Plan The company did not disclose an announcement regarding its "Dual Improvement in Quality and Returns" action plan - The company did not disclose an announcement regarding its "Dual Improvement in Quality and Returns" action plan[81] Part IV Corporate Governance This section details the company's corporate governance, including shareholder meetings, personnel changes, profit distribution, and incentive plans 1. Information on Annual and Extraordinary General Meetings Held During the Reporting Period The company held its first extraordinary general meeting and annual general meeting in 2024, both approving all proposals with over 60% investor participation Shareholder Meetings During the Reporting Period | Session | Meeting Type | Investor Participation Rate | Date Held | Disclosure Date | Meeting Resolution | | :--- | :--- | :--- | :--- | :--- | :--- | | 2024 First Extraordinary General Meeting | Extraordinary General Meeting | 60.52% | January 29, 2024 | January 29, 2024 | All proposals were approved | | 2023 Annual General Meeting | Annual General Meeting | 60.29% | May 24, 2024 | May 24, 2024 | All proposals were approved | - The company had no requests from preferred shareholders with restored voting rights to convene an extraordinary general meeting during the reporting period[83] 2. Changes in Directors, Supervisors, and Senior Management Ms. Ning Xiuyu resigned as CFO, and Mr. Wang Zhaojun was appointed as the new CFO during the reporting period - Ms. Ning Xiuyu resigned as the company's Chief Financial Officer due to personal reasons and was dismissed on May 10, 2024[83] - Mr. Wang Zhaojun was appointed as the company's Chief Financial Officer on May 13, 2024, with a term of office from the date of board approval until the expiration of the second board of directors[83][84] 3. Profit Distribution and Capital Reserve Conversion to Share Capital During the Reporting Period The company plans no cash dividends, bonus shares, or capital reserve conversions for the half-year period - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the half-year period[85] 4. Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures The first vesting period conditions for the 2023 restricted stock incentive plan were not met, leading to the cancellation of some unvested shares - The first vesting period conditions for the company's 2023 restricted stock incentive plan (initial and reserved grants) were not met, and some granted but unvested restricted shares were canceled[88] - The company had no implementation of employee stock ownership plans during the reporting period[88] - The company had no other employee incentive measures during the reporting period[88] Part V Environmental and Social Responsibility This section outlines the company's environmental performance and its commitment to social responsibility, including stakeholder protection and community engagement 1. Significant Environmental Issues The company is not a key polluting entity, received no environmental penalties, and did not disclose carbon emission reduction measures - The company and its subsidiaries are not classified as key polluting entities by environmental protection authorities[89] - The company received no administrative penalties for environmental issues during the reporting period[89] - The company did not disclose measures taken and their effects to reduce carbon emissions during the reporting period[89] 2. Social Responsibility The company actively fulfills its social responsibilities by protecting shareholder rights, valuing employee development, fostering client relationships, and contributing to environmental and social welfare - The company strictly adheres to laws, regulations, and internal rules, continuously improving its corporate governance structure and internal control system, actively fulfilling information disclosure obligations, and protecting the interests of shareholders and investors[91] - The company adheres to a "people-oriented" approach, maintaining and safeguarding employees' legitimate rights and interests through talent acquisition, a job-level and compensation management system, annual training plans, and safety management measures[92] - In its operations, the company strengthens communication and cooperation with suppliers and clients, respects and protects their legitimate rights and interests, achieving win-win outcomes for all parties[93] - The company promotes the development of the environmental protection industry through technological innovation, providing equipment and operational services to enterprises and regions with wastewater treatment needs[94] - The company actively undertakes social responsibilities, maintains contact with and accepts supervision from various levels of government, fulfills its taxpayer obligations, and contributes to promoting a harmonious society[95] Part VI Significant Matters This section covers significant matters including commitments, related party transactions, litigation, and other material events during the reporting period 1. Fulfillment of Commitments by the Company's Actual Controller, Shareholders, Related Parties, Acquirers, and Other Concerned Parties During and as of the End of the Reporting Period All commitments made by the company and related parties during the IPO or refinancing, including dividend, share lock-up, and non-competition, were fulfilled on time - The company commits to strictly adhere to its profit distribution policy to effectively safeguard investors' rights to returns[96] - The company's controlling shareholder and actual controller, Jin Zhen, committed not to transfer or entrust others to manage his directly or indirectly held shares in the issuer within 36 months from the date of stock listing[97] - Jin Zhen committed to avoid horizontal competition and not to directly or indirectly participate in any business that is the same as or similar to the issuer's main business[111] - The company and relevant parties committed that the content of the prospectus contains no false records, misleading statements, or major omissions, and will bear corresponding legal responsibilities[122][125][126] - All commitments were fulfilled on time, with no overdue unfulfilled commitments as of the end of the reporting period[142] 2. Non-Operating Occupation of Funds by Controlling Shareholders and Other Related Parties There was no non-operating occupation of funds by controlling shareholders or other related parties during the reporting period - The company had no non-operating occupation of funds by controlling shareholders or other related parties during the reporting period[143] 3. Irregular External Guarantees The company had no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period[144] 4. Appointment and Dismissal of Accounting Firms The company's semi-annual financial report was not audited - The company's semi-annual report was not audited[145] 5. Board of Directors' and Supervisory Board's Explanations on "Non-Standard Audit Report" for the Current Period The company had no explanations from the board or supervisory board regarding a "non-standard audit report" for the current period - The company had no explanations from the board of directors or supervisory board regarding a "non-standard audit report" for the current reporting period[146] 6. Board of Directors' Explanations on "Non-Standard Audit Report" for the Previous Year The company had no explanations from the board regarding a "non-standard audit report" for the previous year - The company had no explanations from the board of directors regarding a "non-standard audit report" for the previous year[146] 7. Bankruptcy and Reorganization Matters The company had no bankruptcy or reorganization matters during the reporting period - The company had no bankruptcy or reorganization matters during the reporting period[146] 8. Litigation Matters The company had no significant litigation, arbitration, or other litigation matters during the reporting period - The company had no significant litigation or arbitration matters during the reporting period[146] - The company had no other litigation matters during the reporting period[146] 9. Penalties and Rectification The company had no penalties or rectification situations during the reporting period - The company had no penalties or rectification situations during the reporting period[146] 10. Integrity Status of the Company, its Controlling Shareholder, and Actual Controller There were no issues regarding the integrity status of the company, its controlling shareholder, or actual controller during the reporting period - There were no issues regarding the integrity status of the company, its controlling shareholder, or actual controller during the reporting period[146] 11. Significant Related Party Transactions The company had no significant related party transactions, including daily operations, asset/equity sales, joint investments, or debt/credit, during the reporting period - The company had no related party transactions related to daily operations during the reporting period[146] - The company had no related party transactions involving asset or equity acquisition/disposal during the reporting period[146] - The company had no related party debt or credit transactions during the reporting period[147] - The company had no other significant related party transactions during the reporting period[150] 12. Significant Contracts and Their Performance The company had no significant entrustment, contracting, leasing, or guarantee matters, nor other significant contracts, during the reporting period - The company had no entrustment situations during the reporting period[151] - The company had no significant guarantee situations during the reporting period[152] - The company had no other significant contracts during the reporting period[156] 13. Explanation of Other Significant Matters The company had no other significant matters requiring explanation during the reporting period - The company had no other significant matters requiring explanation during the reporting period[156] 14. Significant Matters of Company Subsidiaries The company had no significant matters concerning its subsidiaries during the reporting period - The company had no significant matters concerning its subsidiaries during the reporting period[156] Part VII Share Changes and Shareholder Information This section details changes in the company's share capital, shareholder structure, and holdings of directors, supervisors, and senior management 1. Share Changes The company's total share capital remained unchanged at 77.35 million shares, with no changes in restricted or unrestricted shares Share Changes | Category | Number Before Change (shares) | Proportion | Increase/Decrease in Current Change (＋,－) | Number After Change (shares) | Proportion | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 46,135,237 | 59.64% | 0 | 46,135,237 | 59.64% | | Of which: Shares held by domestic legal persons | 14,188,350 | 18.34% | 0 | 14,188,350 | 18.34% | | Shares held by domestic natural persons | 31,946,887 | 41.30% | 0 | 31,946,887 | 41.30% | | II. Unrestricted Shares | 31,214,763 | 40.36% | 0 | 31,214,763 | 40.36% | | Of which: RMB ordinary shares | 31,214,763 | 40.36% | 0 | 31,214,763 | 40.36% | | III. Total Shares | 77,350,000 | 100.00% | 0 | 77,350,000 | 100.00% | - During the reporting period, the reasons for share changes, approval status, transfer status, progress of share repurchases, and progress of centralized bidding for repurchased shares are all not applicable or unchanged[158] 1.1 Share Changes The company's total share capital, restricted, and unrestricted shares remained unchanged during the reporting period Share Changes | Category | Number Before Change (shares) | Proportion | Increase/Decrease in Current Change (＋,－) | Number After Change (shares) | Proportion | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 46,135,237 | 59.64% | 0 | 46,135,237 | 59.64% | | II. Unrestricted Shares | 31,214,763 | 40.36% | 0 | 31,214,763 | 40.36% | | III. Total Shares | 77,350,000 | 100.00% | 0 | 77,350,000 | 100.00% | 1.2 Changes in Restricted Shares There were no changes in the company's restricted shares during the reporting period - The company's changes in restricted shares during the reporting period are not applicable[158] 2. Securities Issuance and Listing There were no changes in the company's securities issuance and listing status during the reporting period - The company's securities issuance and listing status during the reporting period is not applicable[158] 3. Number of Shareholders and Shareholding Status As of the reporting period end, the company had 10,651 common shareholders. Top ten shareholders include Jin Zhen (39.36%), Beijing Weiheng (10.01%), and Beijing Sanwei Zhijian (8.34%) - Total number of common shareholders at the end of the reporting period: 10,651[158] Top 10 Shareholders' Shareholding Status | Shareholder Name | Shareholder Nature | Shareholding Proportion | Number of Shares Held at Period-End (shares) | Number of Restricted Shares Held (shares) | Number of Unrestricted Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Jin Zhen | Domestic Natural Person | 39.36% | 30,447,450.00 | 30,447,450.00 | 0 | | Beijing Weiheng Management Consulting Center (Limited Partnership) | Other | 10.01% | 7,739,050.00 | 7,739,050.00 | 0 | | Beijing Sanwei Zhijian Management Consulting Center (Limited Partnership) | Other | 8.34% | 6,449,300.00 | 6,449,300.00 | 0 | | Ningbo Bonded Area Zhiwang Tianhao Equity Investment Partnership (Limited Partnership) | Other | 2.01% | 1,551,299.00 | 0.00 | 1,551,299.00 | | Yang Jinde | Domestic Natural Person | 2.00% | 1,547,700.00 | 0.00 | 1,547,700.00 | | Luo Shiwen | Domestic Natural Person | 2.00% | 1,547,700.00 | 1,160,775.00 | 386,925.00 | | Yinghao (Hainan) Venture Capital Co., Ltd. - Nanjing Chengxian Phase I Venture Capital Partnership (Limited Partnership) | Other | 0.95% | 732,600.00 | 0.00 | 732,600.00 | | Yinghao (Suzhou) Venture Capital Co., Ltd. - Nanjing Yafeng Phase I Venture Capital Partnership (Limited Partnership) | Other | 0.70% | 538,150.00 | 0.00 | 538,150.00 | | Wang Zhaojun | Domestic Natural Person | 0.58% | 451,550.00 | 338,662.00 | 112,888.00 | | Industrial and Commercial Bank of China Co., Ltd. - Dacheng CSI 360 Internet+Big Data 100 Index Securities Investment Fund | Other | 0.53% | 407,800.00 | 0.00 | 407,800.00 | - Yinghao (Hainan) Venture Capital Co., Ltd. - Nanjing Chengxian Phase I Venture Capital Partnership (Limited Partnership) and Yinghao (Suzhou) Venture Capital Co., Ltd. - Nanjing Yafeng Phase I Venture Capital Partnership (Limited Partnership) are both shareholders controlled by Suzhou Yafeng Investment Group Co., Ltd[160] 4. Cumulative Pledged Shares of Controlling Shareholder or Largest Shareholder and Their Concerted Parties Reaching 80% of Their Holdings The company's controlling shareholder or largest shareholder and their concerted parties did not have cumulative pledged shares reaching 80% of their holdings - The company's controlling shareholder or largest shareholder and their concerted parties did not have cumulative pledged shares reaching 80% of their holdings during the reporting period[162] 5. Changes in Shareholdings of Directors, Supervisors, and Senior Management The company's directors, supervisors, and senior management had no changes in their shareholdings during the reporting period - The company's directors, supervisors, and senior management had no changes in their shareholdings during the reporting period[162] 6. Changes in Controlling Shareholder or Actual Controller There were no changes in the company's controlling shareholder or actual controller during the reporting period - The company's controlling shareholder did not change during the reporting period[163] - The company's actual controller did not change during the reporting period[163] Part VIII Preferred Shares This section confirms that the company had no preferred shares during the reporting period The company had no preferred shares during the reporting period. The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[164] Part IX Bonds This section confirms that the company had no bond-related matters during the reporting period The company had no bond-related matters during the reporting period. The company had no bond-related matters during the reporting period - The company had no bond-related matters during the reporting period[165] Part X Financial Report This section presents the company's unaudited financial statements, including balance sheets, income statements, cash flow statements, and statements of changes in equity 1. Audit Report The company's semi-annual financial report was not audited - The company's semi-annual financial report was not audited[166] 2. Financial Statements This chapter provides the company's H1 2024 consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in equity 2.1 Consolidated Balance Sheet As of June 30, 2024, consolidated total assets were 953.47 million yuan, with total liabilities of 156.69 million yuan and total owner's equity of 796.78 million yuan Consolidated Balance Sheet Key Data (Period-End Balance) | Item | Period-End Balance (yuan) | | :--- | :--- | | Total Assets | 953,470,355.98 | | Total Current Assets | 749,341,869.72 | | Total Non-Current Assets | 204,128,486.26 | | Total Liabilities | 156,691,930.47 | | Total Owner's Equity | 796,778,425.51 | | Monetary Funds | 300,801,836.49 | | Accounts Receivable | 211,934,842.58 | | Inventory | 191,309,488.16 | 2.2 Parent Company Balance Sheet As of June 30, 2024, parent company total assets were 942.55 million yuan, with total liabilities of 155.83 million yuan and total owner's equity of 786.72 million yuan Parent Company Balance Sheet Key Data (Period-End Balance) | Item | Period-End Balance (yuan) | | :--- | :--- | | Total Assets | 942,552,463.50 | | Total Current Assets | 709,326,671.58 | | Total Non-Current Assets | 233,225,791.92 | | Total Liabilities | 155,831,843.13 | | Total Owner's Equity | 786,720,620.37 | | Monetary Funds | 262,050,403.47 | | Accounts Receivable | 212,231,170.31 | | Inventory | 191,196,988.16 | 2.3 Consolidated Income Statement In H1 2024, consolidated total operating revenue was 66.22 million yuan, resulting in an operating loss of 80.13 million yuan and a net loss of 69.80 million yuan Consolidated Income Statement Key Data (H1 2024) | Item | H1 2024 (yuan) | | :--- | :--- | | Total Operating Revenue | 66,219,259.28 | | Total Operating Costs | 152,961,727.34 | | Operating Profit (Loss indicated by "—") | -80,128,222.57 | | Total Profit (Total Loss indicated by "—") | -80,569,628.70 | | Net Profit (Net Loss indicated by "—") | -69,799,332.16 | | Net Profit Attributable to Parent Company Shareholders (Net Loss indicated by "—") | -68,903,084.80 | | Basic Earnings Per Share | -0.89 | | Diluted Earnings Per Share | -0.89 | 2.4 Parent Company Income Statement In H1 2024, parent company operating revenue was 65.91 million yuan, leading to an operating loss of 77.35 million yuan and a net loss of 67.09 million yuan Parent Company Income Statement Key Data (H1 2024) | Item | H1 2024 (yuan) | | :--- | :--- | | Operating Revenue | 65,914,016.31 | | Operating Costs | 49,110,184.08 | | Selling Expenses | 20,542,783.43 | | Administrative Expenses | 30,414,341.66 | | R&D Expenses | 52,734,872.29 | | Operating Profit (Loss indicated by "—") | -77,352,948.45 | | Net Profit (Net Loss indicated by "—") | -67,090,098.71 | 2.5 Consolidated Cash Flow Statement In H1 2024, net cash flow from operating activities was -104.62 million yuan, a 56.58% decrease, primarily due to increased employee payments Consolidated Cash Flow Statement Key Data (H1 2024) | Item | H1 2024 (yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | -104,621,822.82 | | Net Cash Flow from Investing Activities | -17,614,057.54 | | Net Cash Flow from Financing Activities | -15,141,136.65 | | Net Increase in Cash and Cash Equivalents | -137,367,790.78 | | Cash and Cash Equivalents at Period-End | 296,942,747.65 | - Net cash flow from operating activities decreased by 56.58% year-on-year, primarily due to increased cash paid to and for employees in the current period[56][179] - Net cash flow from financing activities decreased by 70.50% year-on-year, primarily due to dividend payments in the current period[56][180] 2.6 Parent Company Cash Flow Statement In H1 2024, parent company net cash flow from operating activities was -101.81 million yuan, with net cash flow from investing activities at -5.09 million yuan Parent Company Cash Flow Statement Key Data (H1 2024) | Item | H1 2024 (yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | -101,807,446.83 | | Net Cash Flow from Investing Activities | -5,092,273.00 | | Net Cash Flow from Financing Activities | -15,141,136.65 | | Net Increase in Cash and Cash Equivalents | -122,040,856.48 | | Cash and Cash Equivalents at Period-End | 258,191,314.63 | 2.7 Consolidated Statement of Changes in Owner's Equity In H1 2024, consolidated total owner's equity decreased by 73.21 million yuan to 796.78 million yuan, mainly due to net loss and share-based payments Consolidated Statement of Changes in Owner's Equity (H1 2024) | Item | Beginning Balance (yuan) | Change in Current Period (yuan) | Ending Balance (yuan) | | :--- | :--- | :--- | :--- | | Total Owner's Equity | 869,992,768.42 | -73,214,342.91 | 796,778,425.51 | | Total Owner's Equity Attributable to Parent Company | 852,249,004.42 | -72,318,095.55 | 779,930,908.87 | | Capital Reserve | 627,613,876.83 | 4,305,011.59 | 631,918,888.42 | | Retained Earnings | 129,569,204.67 | -76,638,084.80 | 52,931,119.87 | - Total comprehensive income for the current period was -76.62 million yuan, leading to a decrease in retained earnings[184] - Owner's contributions and reduction in capital increased by 4.31 million yuan, primarily due to share-based payments recognized in owner's equity[184] 2.8 Parent Company Statement of Changes in Owner's Equity In H1 2024, parent company total owner's equity decreased by 70.52 million yuan to 786.72 million yuan, with retained earnings decreasing by 74.83 million yuan Parent Company Statement of Changes in Owner's Equity (H1 2024) | Item | Beginning Balance (yuan) | Change in Current Period (yuan) | Ending Balance (yuan) | | :--- | :--- | :--- | :--- | | Total Owner's Equity | 857,240,707.49 | -70,520,087.12 | 786,720,620.37 | | Capital Reserve | 627,613,876.83 | 4,305,011.59 | 631,918,888.42 | | Retained Earnings | 134,594,142.07 | -74,825,098.71 | 59,769,043.36 | - Total comprehensive income for the current period was -74.83 million yuan, leading to a decrease in retained earnings[189] - Owner's contributions and reduction in capital increased by 4.31 million yuan, primarily due to share-based payments recognized in owner's equity[189][190] 3. Company Overview Beijing Sunway World Technology Co., Ltd. listed on Jan 7, 2022, with 77.35 million shares, focusing on tech services, data processing, and software sales - Beijing Sunway World Technology Co., Ltd. shares were listed and traded on the Shenzhen Stock Exchange on January 7, 2022[194] - As of June 30, 2024, the company's total share capital was 77.35 million yuan[194] - The company's main business activities include technology consulting, technology services, technology development; computer system services; data processing; sales of computers, software, and auxiliary equipment[194] - The actual controller of the company is Jin Zhen[194] - The scope of consolidated financial statements includes Hong Kong Sunway World Technology Co., Ltd., Hainan Sunway Cloud Data Technology Co., Ltd., Sunway Netna (Guangdong) Technology Co., Ltd., and Guangxi Digital Brain Intelligent Technology Co., Ltd[195] 4. Basis of Financial Statement Preparation The financial statements are prepared in accordance with Chinese accounting standards and regulatory requirements, on a going concern basis for at least 12 months - These financial statements are prepared in accordance with the "Accounting Standards for Business Enterprises" promulgated by the Ministry of Finance and the "No. 15 Rules for Information Disclosure by Companies Issuing Securities to the Public - General Provisions for Financial Reports" issued by the China Securities Regulatory Commission[197] - These financial statements are prepared on a going concern basis, and the company has the ability to continue as a going concern for at least 12 months from the end of the current reporting period[198] [5. Significant Accounting Policies and Estimates](