博思软件(300525) - 2018 Q2 - 季度财报

Financial Performance - Total operating revenue for the first half of 2018 was ¥113,512,322.76, representing a 51.11% increase compared to ¥75,119,807.63 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥14,057,412.88, a decrease of 388.95% from ¥4,864,964.88 in the previous year[20]. - Basic earnings per share were -¥0.1146, a decline of 388.66% from ¥0.0397 in the previous year[20]. - The company reported a net profit after deducting non-recurring gains and losses of -¥14,938,720.12, a decline of 411.85% from ¥4,790,325.96 in the previous year[20]. - The net cash flow from operating activities was -¥95,382,502.30, worsening by 125.48% compared to -¥42,302,352.76 in the same period last year[20]. - The weighted average return on net assets was -2.96%, a decrease of 4.11% compared to 1.15% in the previous year[20]. - The company reported a significant loss of approximately 6.04 million in the first half of 2018, with a net profit of -6,020,225.51[73]. - The net profit for the current period was a loss of ¥17,018,815.92, compared to a profit of ¥3,742,256.46 in the previous period, marking a decline of over 554%[146]. Assets and Liabilities - Total assets at the end of the reporting period were ¥710,858,487.87, down 11.65% from ¥804,561,302.12 at the end of the previous year[20]. - Current assets decreased from CNY 525,286,810.46 to CNY 409,597,945.94, a decline of about 22%[136]. - The company's total liabilities decreased from CNY 297,634,399.75 to CNY 236,077,121.42, a reduction of approximately 20.7%[137]. - The equity attributable to owners of the parent company decreased from ¥443,169,954.68 to ¥413,115,447.88, a decline of approximately 6.8%[142]. - Cash and cash equivalents decreased by 50.82% due to external equity investments and dividend payments[32]. - The total liabilities at the end of the period were reported at 25,651,000.00, indicating a stable financial position[162]. Investment and Cash Flow - The company’s cash flow from investment activities was -¥43,087,467.05, a decline of 642.71% from -¥5,801,417.18, influenced by unreturned financial investments[44]. - The company’s financing activities generated a net cash flow of -¥15,714,454.29, a decrease of 332.25% from ¥6,766,058.12, due to cash outflows for dividends[44]. - The net cash flow from operating activities was -62,562,752.09 CNY, compared to -29,169,739.77 CNY in the previous period, indicating a decline in operational efficiency[156]. - The total cash outflow from investing activities amounted to 104,411,882.31 CNY, significantly higher than 12,610,674.39 CNY in the prior period, reflecting increased investment efforts[156]. Research and Development - R&D expenses amounted to 29.41 million RMB, accounting for 25.91% of operating revenue, representing a 98.07% increase compared to the same period last year[39]. - The company emphasized ongoing research and development efforts, particularly in software solutions, to enhance market competitiveness[163]. - The company has invested significantly in information security measures to mitigate risks associated with software defects and data breaches[76]. Market and Competition - The company faces various risks including market competition, policy risks, and technology development risks[5]. - The company faces increasing market competition as the market for electronic fiscal ticket management matures, potentially impacting pricing and market share[75]. - The government procurement sector is experiencing a shift towards electronic procurement, enhancing efficiency and transparency[31]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - A cash dividend of 2.10 RMB per 10 shares was distributed to shareholders, totaling 15.13 million RMB[39]. - The total number of common shareholders at the end of the reporting period is 9,205[118]. - The largest shareholder, Chen Hang, holds 19.85% of shares, totaling 25,732,174 shares, with 17,225,800 shares pledged[118]. Strategic Initiatives - The company is actively involved in the development of smart city projects, aligning with national policies promoting digital and smart urban development[31]. - The company plans to acquire the remaining 70% equity of Jilin Jin Cai Technology Co., Ltd. for RMB 40.495 million, completing the acquisition will result in 100% ownership[106]. - The company has a plan for market expansion and potential mergers, as indicated by the acquisition agreement[107]. Compliance and Governance - The company adheres to the Chinese Accounting Standards, ensuring that its financial statements accurately reflect its financial position and operating results[176]. - The company has maintained its ability to continue as a going concern for at least 12 months from the reporting date, indicating financial stability[174]. - The company has not faced any major litigation or arbitration matters during the reporting period[88].