COSHIP(SZ:002052)2016-08-23 16:00Financial Performance - The company reported a revenue of RMB 1.2 billion for the first half of 2016, representing a year-on-year increase of 15%[20]. - The gross profit margin for the first half of 2016 was 30%, compared to 28% in the same period last year[20]. - The company has set a revenue target of RMB 2.5 billion for the full year 2016, indicating a growth of 20% from 2015[20]. - The company's revenue for the reporting period was ¥301,998,198.13, a decrease of 46.09% compared to ¥560,145,148.91 in the same period last year[21]. - The net profit attributable to shareholders was -¥67,878,307.99, representing a decline of 691.42% from ¥11,477,217.31 in the previous year[21]. - The gross profit margin for the reporting period was 22.88%, down by 8.77 percentage points compared to the previous year[29]. - The company reported a net loss of CNY 250,109,462.69, compared to a loss of CNY 182,231,154.70 in the previous period[122]. - The total comprehensive income for the current period is -CNY 68,502,664.32, compared to CNY 13,268,866.21 in the previous period[130]. User Engagement - The number of active users for the company's OTT services reached 5 million, an increase of 25% compared to the previous year[20]. - The ARPU (Average Revenue Per User) for the company's services increased to RMB 50, up from RMB 45 in the previous year[20]. Research and Development - The company plans to invest RMB 200 million in R&D for new product development in the next fiscal year[20]. - Research and development expenses increased slightly to ¥35,516,590.23, a rise of 2.65% from ¥34,598,647.03 in the previous year[33]. - The company aims to strengthen its competitive advantage in the broadcasting platform business through continuous R&D investment and local service capabilities[30]. - The company has established a strong R&D advantage, being a key member in the development of the TVOS operating system, certified by the National Radio and Television Administration[38]. Market Expansion - The company is expanding its market presence in Southeast Asia, aiming to capture a 10% market share by the end of 2017[20]. - The company plans to actively explore new markets for integrated machines, targeting hotels, enterprises, and hospitals[30]. - The company plans to expand its international market presence and develop multi-terminal products and services, focusing on enhancing brand recognition[35]. Financial Management - The net cash flow from operating activities improved to ¥92,513,424.04, a significant increase of 169.81% compared to -¥132,517,390.40 in the same period last year[21]. - The company reported a significant increase in sales expenses, which rose by 18.63% to ¥75,240,634.44 from ¥63,424,171.75 in the previous year[33]. - The company raised a total of RMB 628,740,000 by issuing 63 million shares at RMB 9.98 per share, with a net amount of RMB 608,088,500 after deducting issuance costs[51]. - The company reported a negative effect of RMB -480,160 on expected benefits from the committed investment project due to delays in network upgrades and platform construction[54]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 85,938[105]. - The largest shareholder, Yuan Ming, holds 16.88% of the shares, amounting to 125,924,638 common shares[105]. - The company’s major shareholder, Yuan Ming, has committed to not engage in any competing business activities that could harm the interests of other shareholders, particularly minority shareholders[94]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[108]. Legal and Regulatory Matters - The company is involved in a significant arbitration case with a shareholder, with a disputed amount of RMB 870 million (approximately $126 million) related to a loan agreement[67]. - There were no major lawsuits, media controversies, or bankruptcy restructuring events reported during the period[68][69]. - The company has not faced any penalties or corrective actions during the reporting period[96]. Asset Management - The company's total assets decreased by 16.30% to ¥2,567,556,640.74 from ¥3,067,528,953.09 at the end of the previous year[21]. - The total liabilities decreased from CNY 1,528,391,834.55 to CNY 1,096,499,318.19, a reduction of about 28.3%[121]. - The company's equity attributable to shareholders decreased from CNY 1,539,137,118.54 to CNY 1,471,057,322.55, a decline of approximately 4.4%[122]. Corporate Governance - The company changed its name from "Shenzhen Coship Electronics Co., Ltd." to "Shenzhen Coship Internet Technology Co., Ltd." to better reflect its strategic focus on the television internet business[97]. - The company did not implement any cash dividends or stock bonuses during the reporting period[61]. - The half-year financial report has not been audited[95]. Financial Reporting and Accounting - The financial statements are prepared based on the accrual basis of accounting, reflecting the company's financial position as of June 30, 2016[162]. - The company adheres to the accounting standards and regulations set forth by the Ministry of Finance and the China Securities Regulatory Commission[165]. - The company recognizes investment income from the disposal of equity investments when control is lost, based on the fair value of remaining equity[176].