But'one(SH:600455)2016-08-19 16:00Financial Performance - The company's operating revenue for the first half of 2016 was ¥74,177,232.84, a decrease of 13.05% compared to ¥85,309,709.01 in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2016 was -¥6,266,563.99, compared to -¥1,573,340.86 in the same period last year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥6,645,585.19, compared to -¥2,331,337.49 in the same period last year[22]. - The net cash flow from operating activities was -¥50,114,711.80, compared to -¥47,996,760.12 in the same period last year[22]. - The total revenue for the first half of 2016 was CNY 74,177,232.84, reflecting a decline of 12.82% compared to the previous year[45]. - The net profit attributable to the parent company was -¥6,266,563.99, down by ¥4,693,223.13 from the previous year[28]. - The net profit for the first half of 2016 was a loss of CNY 8,483,637.55, compared to a loss of CNY 3,733,334.54 in the previous year, indicating a worsening performance[126]. - The company's total comprehensive income for the period decreased by CNY 8,483,637.55, reflecting a significant decline in profitability[139]. Assets and Liabilities - The total assets at the end of the reporting period were ¥619,735,243.49, a decrease of 8.78% from ¥679,375,447.51 at the end of the previous year[22]. - The total liabilities were RMB 442,370,343.83, compared to RMB 496,692,723.46 at the beginning of the period, reflecting a decrease of about 10.9%[115]. - The total assets as of June 30, 2016, were CNY 170,093,669.13, down from CNY 184,882,454.66 at the beginning of the year[118]. - The total equity attributable to shareholders of the parent company was CNY 83,246,314.45, down from CNY 91,729,952.00 at the beginning of the year[119]. Shareholder Activities - The company’s largest shareholder, Jingfa Group, plans to increase its stake in the company with an investment of approximately CNY 5 million, pending regulatory approval[59]. - The company has not engaged in any fundraising or investment activities during the reporting period[52]. - The company confirmed the existence of a concerted action relationship among Huang Yongfei and six others, who are considered concerted actors in stockholding[68]. - The company has committed to not reducing its shareholding in the next six months, ensuring stock price stability[96]. Operational Changes and Strategies - The company plans to enhance internal management and increase R&D efforts to improve market competitiveness and aim for profitability in the second half of 2016[31]. - The company is currently undergoing a major asset restructuring process, which remains uncertain[31]. - The company is focusing on enhancing its middleware platform and expanding its product line in the computer information technology sector to strengthen its market competitiveness[46]. - The company is actively developing e-government software for land resources, aiming to enhance its core competitiveness in the market[39]. Cash Flow and Expenses - The cash flow from operating activities showed a net outflow of CNY 50,114,711.80, slightly worse than the outflow of CNY 47,996,760.12 in the same period last year[128]. - The cash flow from investing activities resulted in a net outflow of CNY 5,759,322.54, a significant decrease from the inflow of CNY 25,101,393.98 in the previous year[129]. - The company reported a significant increase in sales expenses, which rose to CNY 8,387,773.85 from CNY 5,864,599.12 in the previous year, reflecting higher marketing costs[126]. - The total operating expenses amounted to CNY 62,712,978.35, a slight decrease from CNY 65,707,560.32 in the previous year[128]. Corporate Governance and Compliance - The company has maintained compliance with corporate governance regulations, ensuring effective operation and protection of investor interests[97]. - The financial statements comply with the enterprise accounting standards, reflecting the company's financial position and operating results accurately[159]. - The company has not reported any new capital contributions or changes in capital structure during this period[139]. Research and Development - R&D expenditures increased by 21.33% to ¥2,669,879.50 as the company focused on enhancing software technology capabilities[34]. Market Performance - The company reported a significant increase in revenue from the central region, which rose by 950.61% to CNY 3,469,009.20, while the eastern region saw a decline of 43.58%[45]. - The company's revenue from computer information technology was CNY 10,935,974.23, a decrease of 38.28% compared to the previous year, with a gross margin of 48.22%, which increased by 14.94 percentage points[41]. Asset Management - The company holds a 70% stake in Xi'an Jiaotong University Urban College and a 100% stake in Xi'an Botong Technology Co., Ltd., with no changes in investment status compared to the previous period[49]. - The total assets of Xi'an Jiaotong University City College at the end of the reporting period were CNY 549,581,568.50, with net assets of CNY 164,640,545.52[54].