Apex(SH:603383)2018-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2018 was ¥109,392,966.38, representing a 20.35% increase compared to ¥90,895,072.36 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2018 was ¥36,283,945.86, which is a 38.13% increase from ¥26,267,829.96 in the previous year[18]. - The basic earnings per share for the first half of 2018 was ¥0.3078, up 4.16% from ¥0.2955 in the same period last year[19]. - The diluted earnings per share for the first half of 2018 was ¥0.3018, an increase of 2.13% from ¥0.2955 in the previous year[19]. - The company reported a decrease of 26.27% in the basic earnings per share after deducting non-recurring gains and losses, which was ¥0.2063 compared to ¥0.2798 in the previous year[19]. - The company reported a total of ¥1,105,402,612.26 in total assets as of June 30, 2018[88]. - The company's retained earnings increased from ¥349,416,497.43 to ¥361,740,249.66, an increase of approximately 3.8%[89]. - The total operating revenue for the current period reached ¥109,392,966.38, an increase of 20.3% compared to ¥90,895,072.36 in the previous period[90]. - Net profit for the current period was ¥34,828,850.39, an increase of 35% compared to ¥25,836,990.03 in the previous period[91]. Assets and Liabilities - The total assets as of the end of the reporting period were ¥1,114,340,433.59, a decrease of 3.79% from ¥1,158,203,046.86 at the end of the previous year[18]. - The net assets attributable to shareholders at the end of the reporting period were ¥933,350,294.71, reflecting a slight decrease of 0.47% from ¥937,731,287.09 at the end of the previous year[18]. - Cash and cash equivalents increased to $452.74 million, representing 40.63% of total assets, up 23.50% from the previous period[45]. - Accounts receivable rose to $37.70 million, accounting for 3.38% of total assets, a significant increase of 111.03% compared to the last period[45]. - Inventory increased to $59.85 million, making up 5.37% of total assets, reflecting a 14.44% rise from the previous period[45]. - Fixed assets reached $52.93 million, representing 4.75% of total assets, up 36.48% due to the transfer of office buildings from other non-current assets[45]. - The total current assets decreased to RMB 1,001,425,390.45 from RMB 1,048,813,656.20, a decline of about 4.5%[83]. - The total liabilities decreased from ¥217,797,459.71 to ¥177,810,934.29, a decrease of about 18.36%[85]. Cash Flow - The cash flow from operating activities for the first half of 2018 was negative at -¥42,843,233.07, compared to -¥28,609,282.47 in the same period last year[18]. - The net cash flow from investment activities was positive at ¥169,882,382.19, a significant recovery from a negative cash flow of -¥430,790,973.26 in the previous year[40]. - The company reported a total cash balance of RMB 452,735,239.38 as of June 30, 2018, an increase from RMB 366,596,590.26 at the beginning of the period, reflecting a growth of approximately 23.5%[83]. - The net cash flow from operating activities was negative at RMB -42,843,233.07, worsening from RMB -28,609,282.47 in the prior period[96]. - The total cash outflow from financing activities was RMB 42,933,500.00, with no cash inflow reported from borrowing or bond issuance[98]. Share Capital and Dividends - The total share capital increased from 85,867,000 shares to 120,213,800 shares following the implementation of the 2017 profit distribution[20]. - The company has not disclosed any plans for profit distribution or capital reserve transfer during the reporting period[4]. - The company plans to distribute a cash dividend of 0.5 yuan per share to all shareholders, based on the total share capital of 120,213,800 shares[112]. - The company distributed a total cash dividend of CNY 42,933,500 during the profit distribution process[67]. Market and Industry Environment - The company focuses on providing information technology solutions for the financial industry, including securities, futures, and banking sectors[25]. - In 2018, the financial industry faced strict regulatory measures aimed at controlling leverage and preventing risks, which influenced the company's operational environment[26]. - The introduction of new financial products and services, along with advancements in big data and artificial intelligence, presents significant information technology opportunities[27]. - The company is actively expanding its market share and innovating its business offerings in the securities and futures information technology sector[31]. Research and Development - Research and development expenses increased by 19.42% to ¥28,164,748.24, reflecting the company's commitment to enhancing its R&D capabilities[40]. - The company has developed core technologies such as distributed transaction middleware and real-time backup technology, enhancing its competitive edge[28]. - The innovative product development model has reduced project implementation costs and shortened the time required for clients' information technology implementations[29]. Corporate Governance and Compliance - The company has established a corporate governance structure including a shareholders' meeting, board of directors, and supervisory board, with six subsidiaries under its control[113]. - The company continues to engage Deloitte as its auditing firm for the 2018 fiscal year, following approval at the 2017 annual shareholders' meeting[57]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing on the Shanghai Stock Exchange[53]. Risks and Challenges - The company faces risks including intensified industry competition and potential challenges in technology development and human resources[49]. - The company has committed to fully compensate for any economic losses incurred due to social insurance or housing fund contributions prior to its IPO[56].