Insigma(SH:600797)2014-08-21 16:00Financial Performance - The company reported a revenue of CNY 2,216,460,905.54 for the first half of 2014, representing a 6.59% increase compared to CNY 2,079,349,706.69 in the same period last year[22]. - The net profit attributable to shareholders was a loss of CNY 17,445,881.65, a decline of 193.79% from a profit of CNY 18,600,088.53 in the previous year[22]. - The company's operating revenue for the reporting period was CNY 2,216,460,905.54, an increase of 6.59% compared to CNY 2,079,349,706.69 in the same period last year[35]. - The company reported a significant decline in operating profit, with a loss of CNY 23,563,829.82 compared to a profit of CNY 8,166,201.44 in the same period last year[37]. - The company reported a basic earnings per share of -CNY 0.02, a decrease of 200% from CNY 0.02 in the previous year[24]. - The company reported a net profit for the current period of a loss of CNY 19,050,014.89, which includes a loss of CNY 17,445,881.65 from the current year's operations[140]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -348,362,096.86, a significant decrease of 293.97% compared to CNY -88,422,705.34 in the same period last year[22]. - The company's total assets at the end of the reporting period were CNY 4,944,113,658.78, down 0.70% from CNY 4,978,950,038.78 at the end of the previous year[22]. - The company's cash and cash equivalents decreased from ¥772,102,125.92 to ¥485,732,432.05, a decline of approximately 37.1%[114]. - The total current assets decreased slightly from ¥3,238,942,232.27 to ¥3,220,173,749.68, a decrease of about 0.6%[114]. - The company's total equity decreased from ¥1,966,895,732.61 to ¥1,936,968,806.93, a decline of approximately 1.5%[116]. Investments and Expenditures - The company's R&D expenditure increased by 26.10% to CNY 50,633,016.05, up from CNY 40,152,584.06 in the previous year[36]. - The company experienced a significant decline in investment income from associated companies, impacting overall profitability[27]. - The total initial investment in securities was approximately ¥20.19 million, with a total loss of ¥1.32 million during the reporting period[48]. - The company holds a 23.88% stake in Zhonghe Electromechanical, with a loss of approximately ¥7.09 million reported during the period[50]. Business Development and Strategy - The company focused on cloud computing and big data technologies, leading to new business developments in smart city projects and cloud platforms[27]. - The company established partnerships with major groups like ZTE and China Communications Construction Company to expand its smart city business[28]. - The company successfully launched several new projects, including a cloud-based parking management system in Hangzhou, marking a significant technological advancement[32]. - The company is focusing on expanding its market presence through new technology applications in social security and healthcare sectors, enhancing service delivery[30]. - The company has successfully implemented "smart city" solutions in dozens of cities across China, focusing on integrated labor security, digital urban management, and smart finance, among others[45]. Shareholder and Equity Information - The company distributed a cash dividend of 0.1 yuan per 10 shares, totaling 8,317,699.95 yuan for the year 2013[59]. - In 2014, the company canceled 10,058,000 shares of stock from the equity incentive plan, reducing the total share capital to 821,711,995 shares[68]. - The total number of shareholders reached 109,455 by the end of the reporting period[94]. - The total number of shares decreased from 831,769,995 to 821,711,995 after the cancellation of the incentive shares[92]. Compliance and Governance - The company has not faced any penalties or public reprimands from the China Securities Regulatory Commission during the reporting period[85]. - The company has maintained compliance with the Company Law and relevant regulations without discrepancies in governance practices[86]. - The company is actively responding to a liquidation petition filed by Alstom, asserting that the petition lacks merit[63]. Related Party Transactions - The total amount of related party transactions during the reporting period was CNY 20,080,000, with actual transactions amounting to CNY 3,490,520[71]. - The company provided network equipment sales to Zhejiang University, amounting to CNY 49,367,520, and to Hangzhou Wangxin Ruijian Technology Co., Ltd., totaling CNY 15,888,890[73]. Financial Instruments and Accounting Policies - The financial statements are prepared based on the going concern assumption, adhering to the relevant accounting standards[153]. - The company measures financial assets and liabilities at amortized cost, except for certain financial liabilities measured at fair value[157]. - The company recognizes revenue from software sales when ownership risks and rewards are transferred, and the amount can be reliably measured[174]. - Deferred tax assets are reviewed at the balance sheet date, and if future taxable income is unlikely, the asset's value is reduced[179]. Receivables and Provisions - The total accounts receivable at the end of the period is 1,048,857,077.75, with a bad debt provision of 68,099,109.20, representing 6.49%[191]. - The total amount of other receivables is 545,357,560.07, with a bad debt provision of 197,499,437.81[198]. - The company has reported that the receivables from companies with revoked licenses are unlikely to be collected, leading to full provisions[200].