XGD(SZ:300130)2015-08-14 16:00Financial Performance - Total revenue for the first half of 2015 was CNY 343,317,374.79, representing a 22.58% increase compared to CNY 280,079,545.30 in the same period last year[18]. - Net profit attributable to shareholders decreased by 24.33% to CNY 35,199,396.82 from CNY 46,517,444.22 year-on-year[18]. - Basic earnings per share decreased by 26.83% to CNY 0.15 from CNY 0.205 in the same period last year[18]. - The net profit after deducting non-recurring gains and losses was CNY 31,848,938.56, a decrease of 32.03% from CNY 46,858,936.97 year-on-year[18]. - The company reported a net profit of approximately ¥33.81 million from Shenzhen Yilian Technology Co., and ¥21.35 million from Suzhou Xinguodu Electronic Technology Co. during the reporting period[36]. - The company reported a total of 82 million RMB in additional funds raised to supplement working capital[107]. - The total comprehensive income for the period was -23,327,092.61 CNY, compared to 21,614,923.60 CNY in the previous period[143]. Cash Flow and Investments - The net cash flow from operating activities improved significantly, reaching CNY -2,649,691.73, a 95.12% increase compared to CNY -54,289,865.10 in the previous year[18]. - Cash inflow from operating activities totaled 389,012,128.80 CNY, an increase from 260,050,128.48 CNY in the previous period[145]. - Cash outflow from operating activities was 391,661,820.53 CNY, up from 314,339,993.58 CNY in the previous period[146]. - The net cash flow from investment activities was -263,994,090.16 CNY, worsening from -56,218,208.26 CNY in the previous period[146]. - Cash inflow from financing activities was 53,109,053.30 CNY, compared to 7,702,179.24 CNY in the previous period[147]. Assets and Liabilities - Total assets increased by 12.96% to CNY 1,560,333,171.24 compared to CNY 1,381,259,985.93 at the end of the previous year[18]. - Total liabilities reached CNY 379,553,793.98, up from CNY 247,958,295.61, marking an increase of about 52.9%[130]. - The company's equity attributable to shareholders increased by 4.13% to CNY 1,177,071,224.51 from CNY 1,130,378,477.77 at the end of the previous year[18]. Business Operations and Strategy - The company invested RMB 48.80 million in R&D, marking a 39.04% increase from the previous year, reflecting a focus on technology and talent acquisition[30]. - The overseas business grew by 68% year-on-year, although expansion faced challenges due to international political and economic factors[25]. - The company plans to explore new business models in personal credit services, although there are significant uncertainties regarding the acquisition of necessary licenses[24]. - The company aims to maintain a strong competitive position in the electronic payment industry, which is increasingly critical in connecting offline and online transactions[38]. - The company is actively pursuing a personal credit license, with a dedicated subsidiary established for this purpose, although there are significant risks associated with obtaining the license[53]. Shareholder and Equity Information - The total number of shares increased from 114,300,000 to 228,600,000 after a capital reserve conversion, with a distribution of 0.50 RMB per share to shareholders totaling 5.715 million RMB[113]. - Major shareholders include Liu Xiang with 57,105,000 shares and Jiang Han with 19,035,000 shares, both under executive lock-up until January 1, 2016[115]. - The company maintains a stable shareholder structure with no foreign investment reported[112]. - The company has not conducted any repurchase transactions among the top 10 shareholders during the reporting period[118]. Regulatory and Compliance Matters - The company has not engaged in any entrusted financial management, derivative investments, or entrusted loans during the reporting period[73][74][75]. - The half-year financial report has not been audited[108]. - The financial statements prepared by the company comply with the requirements of the accounting standards and reflect the financial position and operating results accurately[190]. Research and Development - The company has invested in research and development of new products to capture future market opportunities in electronic payment acceptance devices[50]. - The electronic payment technology R&D base project has utilized RMB 151.76 million, achieving 99.15% of the planned investment[60]. - The company has established a wholly-owned subsidiary for electronic payment technology, with an initial investment of 20 million RMB, which has not yet been utilized[70]. Market and Competitive Landscape - The competitive landscape is intensifying with the entry of major players like Tencent and Alibaba, as well as foreign brands in the electronic payment sector[47]. - The company is exploring new electronic payment technology operating models based on mobile internet, aiming to build a self-sustaining core business ecosystem[50].