JSST(SZ:002609)2018-08-16 16:00Financial Performance - The company's operating revenue for the first half of 2018 was CNY 307,608,796.09, representing a 5.82% increase compared to CNY 290,687,521.91 in the same period last year[14]. - The net profit attributable to shareholders decreased by 31.57% to CNY 38,786,821.33 from CNY 56,681,639.04 year-on-year[14]. - The net profit after deducting non-recurring gains and losses fell by 38.82% to CNY 33,695,652.38 compared to CNY 55,073,283.00 in the previous year[14]. - The total profit for the period was CNY 47,426,737.83, representing a year-on-year decrease of 29.96%[30]. - Basic earnings per share decreased by 30.79% to CNY 0.05891 from CNY 0.0851 year-on-year[14]. - The second quarter saw operating revenue of CNY 240,088,132.80, a 27.63% increase year-on-year, and operating profit of CNY 69,634,069.81, up 15.86%[30]. - The company reported a net loss of 79,598.30 million RMB attributable to shareholders during the period[177]. Cash Flow and Financial Stability - The net cash flow from operating activities was negative at CNY -126,341,299.29, worsening by 45.65% from CNY -86,744,269.33 in the same period last year[14]. - The company maintains a cash reserve exceeding CNY 1.5 billion and an asset-liability ratio of 0.74%, indicating strong financial stability[26]. - The company's cash and cash equivalents decreased by 5.87% to ¥1,510,449,433, representing 55.55% of total assets[44]. - The company's cash flow from operating activities showed a net outflow of ¥126,341,299.29, an increase of 45.65% compared to the previous year[36]. - The company’s cash dividend distribution plan is subject to approval at the upcoming temporary shareholders' meeting[77]. Shareholder Actions and Dividends - The company plans to distribute a cash dividend of CNY 3 per 10 shares (including tax) to all shareholders[4]. - The company reported a distributable profit of 487,088,433.74 yuan for the period[75]. - The company paid dividends totaling 79,598,364.12 CNY during the period, which is consistent with the previous period's dividend payments[170]. - The total number of shares repurchased by the company reached 27,159,200 shares, with a repurchase fund limit increased from 300 million yuan to 500 million yuan[77]. Investments and R&D - Research and development expenses increased by 39.79% to ¥49,859,940.02, primarily due to higher salaries and an increase in personnel[36]. - The company invested ¥8,000,000 during the reporting period, marking a 100% increase compared to the previous year[46]. - The company committed to invest RMB 94 million in the smart parking and smart community operation service platform, with a cumulative investment of RMB 21,150.96 as of the reporting period[59]. Market and Product Development - The company launched new products including the jielink+ smart management platform and cloud parking management system, enhancing product ecosystem and user experience[30]. - The company signed contracts for 3,108 parking lanes through installment plans, with a total contract value of CNY 57,809,000, marking a 121% increase year-on-year[31]. - The company focuses on "main business scale" and "internet ecology" as key development directions, aiming to enhance market coverage and user stickiness[29]. - The smart parking business is in a continuous investment phase, with rapid growth in coverage, user numbers, and online transactions, although current revenue from this segment remains low[69]. Risks and Challenges - The company faces intensified market competition as new entrants join the parking industry, which may impact operational performance if not effectively managed[70]. - There is a risk that the promotion of smart parking may not meet expectations, despite clear development goals and implementation measures[70]. - The introduction of installment payment options for market coverage may increase accounts receivable risks, despite measures taken to ensure effective collection[71]. Corporate Governance and Compliance - The company has not experienced any major litigation or arbitration matters during the reporting period[84]. - The half-year financial report for the company has not been audited[81]. - The company has committed to maintaining the legal rights of all shareholders and has fulfilled its commitments during the reporting period[78]. - The company has not faced any penalties or rectification issues during the reporting period[85]. Share Structure and Ownership - The total number of common shareholders at the end of the reporting period was 29,098[127]. - The largest shareholder, Tang Jian, holds 35.39% of the shares, with 58,968,000 shares pledged[127]. - The company has a diverse shareholder base, with significant stakes held by both individual and institutional investors[128]. - The total number of unrestricted common shares held by the top ten shareholders amounts to 235,872,000 shares[127].