COSHIP(SZ:002052)2018-08-28 16:00Financial Performance - The company's operating revenue for the reporting period was ¥416,677,143.12, an increase of 8.51% compared to ¥383,997,918.99 in the same period last year[17]. - The net profit attributable to shareholders was -¥29,628,263.51, a decrease of 1,524.70% from ¥2,079,621.19 in the previous year[17]. - The net cash flow from operating activities improved by 88.40%, reaching -¥12,583,449.81 compared to -¥108,449,485.23 in the same period last year[17]. - Total assets at the end of the reporting period were ¥1,735,212,911.72, a decrease of 4.40% from ¥1,815,013,175.03 at the end of the previous year[17]. - The company's operating revenue for the first half of 2018 was CNY 416,677,143.12, an increase from CNY 383,997,918.99 in the same period of 2017, representing a growth of approximately 8.3%[143]. - The net profit for the first half of 2018 was a loss of CNY 29,628,263.51, compared to a profit of CNY 2,079,621.19 in the same period of 2017, indicating a significant decline[144]. - The company's operating profit was reported at a loss of CNY 31,735,635.60, worsening from a loss of CNY 5,037,777.13 in the previous year[143]. Market and Strategic Focus - The company emphasizes the importance of big data analysis, which is becoming a focal point for profit generation in the IT industry[11]. - The company is involved in the integration of traditional broadcasting with internet services, indicating a strategic move towards a hybrid model of DVB+OTT[11]. - The company is focused on developing new technologies and products, including advancements in cloud computing and IoT applications[11]. - The company is committed to expanding its market presence, particularly in the digital television and interactive services sectors[11]. - The industry is transitioning towards smart and IoT solutions, creating new growth opportunities for the company[28]. - The company is actively pursuing market expansion into Europe and North America while maintaining its traditional market share in South America and Asia-Pacific[39]. Risks and Challenges - The company reported a decline in industry prosperity due to macroeconomic factors, highlighting risks such as market and operational risks, as well as exchange rate risks[4]. - The company acknowledges the need for investors to be aware of the risks associated with their investments[4]. - The company's main business heavily relies on the broadcasting industry, posing risks if there are significant fluctuations in the development of broadcasting operators[75]. - The company faces risks related to the loss of core technical personnel, which could adversely affect sustainable development and technological innovation[75]. - The company is exposed to exchange rate risks due to its significant export activities and reliance on imported raw materials[76]. Financial Management and Investments - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves[5]. - The company has committed to invest a total of RMB 79,315.82 million in the Liaoning DVB+OTT television internet business project, with a current investment progress of 15.64%[63]. - The project has not met the expected revenue due to slower-than-anticipated progress in network upgrades and platform construction, impacting the scalability of OTT services[63]. - The company anticipates a net loss of between RMB 70 million and RMB 50 million for the first three quarters of 2018, compared to a net loss of RMB 28.37 million in the same period of 2017[73]. - The company reported non-recurring losses of ¥1,266,482.16 from the disposal of non-current assets during the reporting period[21]. Operational Efficiency - The company operates under a "make-to-order" production model, aligning production plans with sales orders and inventory levels[27]. - The company has established a comprehensive procurement management process to ensure efficient operations and support business development[28]. - The company has established a comprehensive supply chain management system to enhance efficiency and responsiveness to customer needs[33]. - The company has a talent reserve to mitigate risks associated with management personnel changes due to business transformation[75]. Shareholder and Equity Information - The company’s legal representative is Yuan Ming, and it is listed on the Shenzhen Stock Exchange under the stock code 002052[13]. - The actual controller of the company has pledged 123,107,000 shares, representing 16.50% of the total share capital, which is subject to judicial freeze until November 13, 2020[76]. - The largest shareholder, Yuan Ming, holds 123,107,038 shares, representing 16.50% of the total shares[117]. - The total number of shares remains unchanged at 745,959,694, with a decrease of 5,750 restricted shares and an increase of 5,750 unrestricted shares[113]. Compliance and Governance - The company has not reported any changes in its contact information or disclosure practices during the reporting period[15]. - The company has not conducted an audit for its half-year financial report[84]. - The company has no significant litigation or arbitration matters during the reporting period[86]. - There are no media inquiries or public doubts regarding the company during the reporting period[87]. - The company did not face any penalties or rectification issues during the reporting period[88].