NETSUN(SZ:002095)2017-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2017 was ¥176,758,154.57, representing a 39.46% increase compared to ¥126,741,674.89 in the same period last year[17]. - The net profit attributable to shareholders was ¥13,729,148.85, an increase of 8.16% from ¥12,693,789.28 year-on-year[17]. - The net profit after deducting non-recurring gains and losses was ¥13,650,672.97, up 13.22% from ¥12,056,299.04 in the previous year[17]. - The company achieved total revenue of CNY 176,758,154.57, representing a year-on-year increase of 39.46%, primarily driven by growth in chemical trade services[32]. - Net profit for the period was CNY 1,372,910, an increase of 8.16% compared to the same period last year, attributed to higher service profits from chemical trade[30]. - Operating costs rose to CNY 112,375,763.85, a 58.32% increase year-on-year, mainly due to the corresponding rise in costs associated with increased chemical trade revenue[32]. - The company reported a total investment of CNY 3,500,000.00 during the period, representing a 16.67% increase compared to the previous year[40]. - The net profit attributable to shareholders for the period from January to September 2017 is expected to range from 14.445 million to 22.47 million RMB, representing a change of -10.00% to 40.00% compared to the same period in 2016[52]. Cash Flow and Assets - The net cash flow from operating activities was -¥94,906,510.89, a significant decrease of 2,423.25% compared to ¥4,085,077.94 in the same period last year[17]. - Cash and cash equivalents at the end of the reporting period were CNY 765,782,299.60, accounting for 63.17% of total assets, an increase of 7.07% from the previous year[38]. - Cash flow from operating activities showed a significant decline, amounting to -CNY 94,906,510.89, a decrease of 2,423.25% due to increased guarantee business deposits[32]. - The cash flow from operating activities showed a net outflow of ¥94,906,510.89, a significant decrease from a net inflow of ¥4,085,077.94 in the previous period[123]. - The cash and cash equivalents at the end of the period totaled ¥759,684,023.61, down from ¥874,587,496.41 at the beginning of the period[124]. - The company reported cash inflows from operating activities of ¥221,536,568.26, an increase from ¥154,252,160.28 in the previous period[123]. Shareholder Information - The total number of shares after the change is 252,720,000, with 99.54% being unrestricted shares[85]. - The number of restricted shares decreased by 47,439 to 1,117,488, representing 0.44% of total shares[85]. - Unrestricted shares increased by 47,439 to 251,602,500, representing 99.56% of total shares[85]. - The total number of shareholders at the end of the reporting period is 45,814[90]. - The largest shareholder, Zhejiang Wangsheng Holdings Group Co., Ltd., holds 123,201,000 shares, accounting for 48.75% of total shares[90]. - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[92]. Business Operations - The company operates a B2B trading platform and has developed a financing service platform to provide online financing solutions for SMEs[24]. - The company has established partnerships with various financial institutions to enhance data services and expand market reach[26]. - The core competitiveness of the company remains unchanged during the reporting period[27]. - The chemical trade service sector saw a remarkable growth of 75.06%, influenced by the EU REACH regulation requiring registration of certain chemical substances by May 31, 2018[36]. - The chemical trade segment's revenue increased by 61.91%, reflecting overall growth in the chemical trade business[36]. Dividends and Shareholder Returns - The company does not plan to distribute cash dividends or issue bonus shares[5]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[58]. - The company distributed 12,636,000.00 to shareholders during the period, which included allocations to surplus reserves[135]. Financial Position - Total assets at the end of the reporting period were ¥1,212,277,819.58, reflecting a 1.95% increase from ¥1,189,115,225.08 at the end of the previous year[17]. - The total liabilities amounted to CNY 153,914,864.34, up from CNY 131,961,522.34, indicating a growth of about 16.6%[107]. - The total equity attributable to shareholders reached CNY 822,587,811.31, slightly increasing from CNY 821,153,092.69, which is a growth of approximately 0.2%[108]. Compliance and Governance - The financial report for the first half of 2017 was not audited[103]. - The company has confirmed its ability to continue as a going concern for at least 12 months from the reporting date[144]. - The financial statements are prepared in accordance with the accounting standards set by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status[146]. Accounting Policies - The company follows specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition[145]. - The company recognizes its share of assets and liabilities in joint operations, which may influence the financial statements and operational results[157]. - The company applies fair value measurement for financial instruments, which can lead to significant variances in reported earnings based on market conditions[162]. - The company recognizes investment income from financial assets based on their classification, which can influence overall profitability[163].