博思软件(300525) - 2018 Q2 - 季度财报(更新)

Financial Performance - Total operating revenue for the first half of 2018 was CNY 113,512,322.76, representing a 51.11% increase compared to CNY 75,119,807.63 in the same period last year[20]. - Net profit attributable to shareholders was a loss of CNY 14,057,412.88, a decrease of 388.95% from a profit of CNY 4,864,964.88 in the previous year[20]. - Basic earnings per share were CNY -0.1146, a decline of 388.66% from CNY 0.0397 in the previous year[20]. - The company reported a net profit loss after deducting non-recurring gains and losses of CNY 14,938,720.12, a decline of 411.85% from CNY 4,790,325.96 in the previous year[20]. - The company's net profit for the reporting period was impacted by non-recurring gains totaling CNY 881,307.24 after tax adjustments[24]. - The company reported a net loss of approximately 6,037,696.00 and 6,020,225.51 for the period, indicating significant financial challenges[74]. - The net profit for the period was a loss of ¥17,018,815.92, compared to a profit of ¥3,742,256.46 in the same period last year[146]. - The company's total revenue for the period reached ¥113,512,322.76, a significant increase of 51.1% compared to ¥75,119,807.63 in the previous period[146]. Cash Flow and Investments - Net cash flow from operating activities was a negative CNY 95,382,502.30, worsening by 125.48% compared to a negative CNY 42,302,352.76 in the same period last year[20]. - Cash and cash equivalents decreased by 50.82% year-on-year, primarily due to external equity investments and dividend payments[32]. - The total investment cash flow was -¥43,087,467.05, a decrease of 642.71% from -¥5,801,417.18, influenced by cash dividends paid and investments in joint ventures[44]. - The company reported a significant increase in sales expenses, which rose by 85.20% to ¥28,197,020.90, driven by efforts to expand into markets outside the province[43]. - The company incurred sales expenses of 20,512,981.52, which is significantly higher than 11,741,411.71 in the previous period, marking an increase of about 74.8%[149]. - The total cash and cash equivalents decreased by 121,135,967.99 CNY, compared to a decrease of 36,691,142.84 CNY in the prior period, highlighting liquidity challenges[157]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 710,858,487.87, down 11.65% from CNY 804,561,302.12 at the end of the previous year[20]. - The company's equity attributable to shareholders decreased from CNY 481,275,603.05 to CNY 452,091,470.17, a decline of approximately 6.1%[139]. - The total liabilities decreased from CNY 297,634,399.75 to CNY 236,077,121.42, representing a reduction of about 20.7%[138]. - The company's total assets decreased from CNY 804,561,302.12 at the beginning of the period to CNY 710,858,487.87 at the end, representing a decline of approximately 11.6%[136]. - Accounts receivable increased from CNY 107,955,135.97 to CNY 139,699,958.00, reflecting a growth of approximately 29.4%[136]. Research and Development - R&D expenses for the first half of 2018 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 plans to continue increasing its investment in R&D to align with industry trends, particularly in financial electronic tickets and government procurement products[43]. Business Strategy and Market Position - The company’s main business focuses on software development and sales, particularly in fiscal ticket management and government non-tax revenue management[27]. - The company is actively involved in the "Internet + Government Services" initiative, which aims to streamline public service processes[30]. - The company has developed leading products such as the electronic management software for fiscal tickets and non-tax revenue collection systems, capturing a substantial market share[76]. - The company is exploring new business areas and strategic acquisitions to leverage capital market advantages while stabilizing its main business[79]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The total number of shares held by the top 10 unrestricted shareholders is significant, with the largest being 10,045,213 shares[120]. - The largest shareholder, Chen Hang, holds 19.85% of shares, totaling 25,732,174 shares, with a pledge of 17,225,800 shares[119]. - The company’s shareholder structure remains stable, with no foreign investment reported[113]. Risks and Challenges - The company faces various risks including market competition, policy risks, and technology development risks[4]. - The company is at risk of core technology leakage and loss of key personnel, which could negatively impact its operations[78]. - The company acknowledges the risk of technological changes impacting its product development and market positioning[77]. Compliance and Governance - The financial report was approved by the board on August 13, 2018, ensuring compliance with regulatory requirements[175]. - The company adheres to the Chinese Accounting Standards, ensuring transparency and accuracy in its financial reporting[177].