*ST三盛(300282) - 2018 Q2 - 季度财报

Financial Performance - Total revenue for the first half of 2018 was CNY 315,662,871.18, a decrease of 62.70% compared to CNY 846,300,438.59 in the same period last year[17]. - Net profit attributable to shareholders was CNY 60,406,022.86, an increase of 16.43% from CNY 51,883,188.08 year-on-year[17]. - Net profit after deducting non-recurring gains and losses was CNY 40,956,731.59, down 17.13% from CNY 49,423,634.24 in the previous year[17]. - Basic earnings per share increased by 15.45% to CNY 0.2421 from CNY 0.2097 year-on-year[17]. - The company achieved operating revenue of CNY 315.66 million, a decrease of 62.70% year-on-year due to the divestment of Wangxin Precision in 2017[36]. - The net profit attributable to shareholders was CNY 60.41 million, representing a year-on-year growth of 39.30% after excluding the impact of Wangxin Precision and non-recurring gains and losses[32]. - The company reported a net profit of 52 million yuan for the year 2016, with a projected increase to 65 million yuan in 2017 and 81 million yuan in 2018, reflecting a growth of 25% and 24.6% respectively[77]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to -CNY 1,031,712.34, a 99.13% increase compared to -CNY 118,227,953.95 in the same period last year[17]. - Cash and cash equivalents rose by 32.83% to 818,091,200.00, primarily from the proceeds of the equity transfer of Shenzhen Wangxin Precision Industry Co., Ltd.[27]. - Cash and cash equivalents at the end of the reporting period amounted to ¥818,091,176.1, representing 31.07% of total assets, an increase of 13.00% compared to ¥650,707,488.75 (18.07% of total assets) from the same period last year[42]. - The net cash flow from operating activities improved by 99.13% to CNY -1.03 million, primarily due to the absence of Wangxin Precision's financials[36]. - The company reported a significant increase in cash received from other operating activities, amounting to 69,215,156.89 yuan, compared to only 2,661,730.28 yuan in the previous period[155]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,633,094,483.25, a 1.02% increase from CNY 2,606,620,355.35 at the end of the previous year[17]. - The company's total assets at the end of the reporting period were CNY 2,381,227,656.58, a decrease from CNY 2,418,562,945.24 at the beginning of the year, reflecting a decline of about 1.5%[141]. - Total liabilities decreased to CNY 63,385,689.71 from CNY 107,261,740.04, representing a reduction of approximately 40.9%[141]. - Long-term receivables increased to ¥479,867,250.5, accounting for 18.22% of total assets, attributed to the equity transfer from the sale of Wangxin Precision in 2017[43]. - The company’s total liabilities and equity amounted to CNY 2,381,227,656.58, down from CNY 2,418,562,945.24, reflecting a decrease of about 1.5%[141]. Investments and R&D - The company has increased its R&D investment, with development expenditures rising by 212.73% to 22,906,200.00[27]. - Research and development expenses amounted to CNY 26.19 million, a decrease of 36.57% year-on-year, reflecting the impact of the divestment of Wangxin Precision[36]. - The company plans to enhance R&D investments to develop more competitive smart education solutions to meet customer needs and lead market trends[66]. Market Position and Strategy - The company holds over 300 domestic and international patents in infrared and optical imaging touch technology, with a market share exceeding 50% in the smart education equipment sector[29]. - The company plans to expand its product line to include capacitive touch products and smart pens, enhancing its competitive strength[26]. - The company has established a strategic direction to provide high-quality education resources and services for middle-class families in China, focusing on the integration of high-end private education and international education[33]. - The company is actively seeking potential acquisition targets within the education sector to enhance its strategic capabilities and resource base[34]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period is 6,800[116]. - The largest shareholder, Fujian Zhuofeng Investment Partnership, holds 20.98% with 52,345,665 shares[117]. - The total number of unrestricted shares after the change was 222,993,498, representing 89.36% of the total shares[110]. - The company has implemented an employee stock ownership plan, completing the purchase of shares within six months after the shareholders' meeting[88]. Risk Factors and Management - There were no significant changes in risk factors and response measures compared to the 2017 annual report[4]. - The company faces risks from intensified market competition in the smart education sector, which may impact future growth rates[67]. - The company has experienced a risk of core talent loss, which could affect its R&D capabilities and long-term profitability[67]. - The company has not engaged in derivative investments or entrusted loans during the reporting period, indicating a conservative financial strategy[59][60]. Compliance and Governance - The half-year financial report has not been audited[79]. - The company has not reported any non-standard audit reports for the previous year[80]. - The company has not undergone any bankruptcy reorganization during the reporting period[80]. - The company has not encountered any issues regarding the management of raised funds, ensuring compliance with regulations[53].