SUNYARD(SH:600571)2024-08-30 10:18Financial Performance - The company's operating revenue for the first half of 2024 was ¥773,782,907.41, a decrease of 9.99% compared to ¥859,708,313.41 in the same period last year[13]. - The net profit attributable to shareholders of the listed company was -¥58,326,369.47, representing a decline of 281.38% from a profit of ¥32,157,815.28 in the previous year[13]. - Basic earnings per share for the first half of 2024 were -¥0.128, a decrease of 280.28% compared to ¥0.071 in the same period last year[14]. - Diluted earnings per share were -¥0.126, down 280.17% from ¥0.070 in the previous year[14]. - The company reported a net profit excluding non-recurring gains and losses of -¥60,481,864.98, compared to -¥60,555,937.57 in the same period last year, indicating stability in non-recurring items[13]. - The total comprehensive income attributable to the parent company was -¥58,326,369.47, a decline from ¥32,157,815.28 in the previous year[60]. - The company reported a significant increase in research and development expenses, totaling ¥88,710,023.85, compared to ¥144,155,238.01 in the first half of 2023[61]. - The company reported a comprehensive loss of 31,461,133.23 RMB for the first half of 2024, compared to a comprehensive income of 62,220,984.13 RMB in the same period of the previous year[73]. Cash Flow and Assets - The net cash flow from operating activities was -¥313,391,982.45, slightly improved from -¥318,161,845.44 in the same period last year[13]. - The total assets at the end of the reporting period were ¥1,602,032,744.63, down 11.37% from ¥1,807,567,766.92 at the end of the previous year[13]. - The total current assets decreased from ¥1,308,318,423.23 to ¥1,106,828,449.45, representing a reduction of about 15.4%[51]. - The company's cash and cash equivalents decreased from ¥131,626,803.15 to ¥89,959,802.52, a decline of approximately 31.8%[51]. - The total liabilities decreased from ¥483,181,250.42 to ¥325,244,297.29, a reduction of approximately 32.7%[53]. - The total equity of the company at the end of the reporting period is 1,036,027,329.80 RMB, a decrease from 1,144,402,457.72 RMB at the end of the previous year[74]. Investments and Expenses - Operating costs increased by 25.83% to ¥636,212,229.66 from ¥505,597,259.42 in the same period last year[20]. - R&D expenses decreased by 45.38% to ¥123,842,392.74, mainly due to personnel changes[21]. - The company reported a significant increase in investment income due to the disposal of equity, with the total consideration from equity disposal and the fair value of remaining equity amounting to a substantial sum, impacting the current period's investment income positively[108]. - The company recorded an investment income of CNY 11,266,030.49 in the first half of 2024, down from CNY 34,488,289.23 in the previous year, reflecting a decline of approximately 67.4%[59]. Shareholder Information - The company reported a total of 107,848,085 shares represented at the annual general meeting, accounting for 23.10% of the total voting shares[31]. - The company did not distribute dividends or increase capital reserves during the reporting period[32]. - The largest shareholder, Hangzhou Xinyada Electronics Co., Ltd., holds 78,106,006 shares, representing 16.75% of total shares[44]. - The company has a total of 9 directors and 3 supervisors, all of whom attended the annual general meeting[31]. Risk and Compliance - There were no significant risks or non-operational fund occupation by controlling shareholders reported during the period[2]. - The company has not announced any plans for profit distribution or capital reserve transfer to increase share capital for this reporting period[2]. - The company has no significant doubts regarding its ability to continue as a going concern for the next 12 months[77]. - The company adheres to accounting standards, ensuring that financial statements accurately reflect its financial position and operating results[79]. Inventory and Receivables - Accounts receivable increased by 45.50% to ¥282,101,074.09, primarily due to increased uncollected revenue[22]. - Inventory increased by 46.81% to ¥89,619,921.96, indicating a rise in stock levels[23]. - The total amount of inventory impairment provision at the beginning of the period is 11,294,046.78 RMB, with a decrease of 74,853.78 RMB during the period[172]. - The company reported a significant increase in accounts receivable for amounts due within one year, rising to ¥220,123,095.23 from ¥194,812,592.47, reflecting a growth of about 12.9%[152]. Financial Liabilities - The total liabilities at the end of the reporting period are 1,099,862,029.21 RMB[70]. - The total accounts payable at the end of the period is 44,002,773.58 RMB, down from 58,196,025.84 RMB at the beginning of the period, indicating a decrease of approximately 24.3%[198]. - The company has no overdue notes payable at the end of the period, with a total of 623,160.00 RMB in bank acceptance notes[197]. Accounting Policies - The company applies the acquisition method for business combinations, recognizing goodwill when the purchase cost exceeds the fair value of identifiable net assets[85]. - Financial assets are derecognized when the contractual rights to cash flows have expired or when they have been transferred and meet the derecognition criteria[92]. - The company recognizes estimated liabilities for obligations arising from guarantees, litigation, product quality assurance, and loss contracts when the obligation is measurable and likely to result in an outflow of economic benefits[128].