Wisesoft(SZ:002253)2014-08-20 16:00Financial Performance - The company's operating revenue for the first half of 2014 was ¥67,513,952.51, a decrease of 13.64% compared to ¥78,173,673.60 in the same period last year[17]. - The net profit attributable to shareholders was ¥12,517,928.34, down 27.54% from ¥17,276,043.29 year-on-year[17]. - The net profit after deducting non-recurring gains and losses was ¥6,688,218.49, representing a decline of 43.11% compared to ¥11,757,387.59 in the previous year[17]. - The net cash flow from operating activities was ¥22,166,363.29, a significant improvement from a negative cash flow of ¥9,718,448.59 in the same period last year, marking a 328.09% increase[17]. - The total assets at the end of the reporting period were ¥959,563,032.46, a decrease of 1.81% from ¥977,261,583.52 at the end of the previous year[17]. - The company reported a decrease in operating costs by 24.42% to CNY 40,530,323.44, attributed to reduced project costs[26]. - The gross profit margin for the software industry segment was 39.95%, an increase of 8.57 percentage points compared to the previous year[29]. - The company's total current assets decreased from RMB 509,025,286.71 to RMB 407,217,549.81, a reduction of approximately 20%[84]. - The total assets of the company decreased from RMB 977,261,583.52 to RMB 959,563,032.46, a decline of about 1.8%[84]. - The company's cash and cash equivalents decreased from RMB 230,230,768.16 to RMB 127,947,228.02, a drop of approximately 44.4%[84]. - The accounts receivable decreased from RMB 143,540,487.36 to RMB 116,461,604.55, a decrease of about 18.9%[84]. - The company's inventory increased from RMB 85,881,306.97 to RMB 94,771,461.09, an increase of approximately 10.5%[84]. - The total non-current assets increased from RMB 468,236,296.81 to RMB 552,345,482.65, an increase of about 17.9%[84]. - The company reported a basic earnings per share of CNY 0.0899, compared to CNY 0.1241 in the same period last year[90]. - The total liabilities were CNY 99,494,562.81, an increase from CNY 95,935,622.79 at the beginning of the year[88]. - The total equity attributable to shareholders was CNY 802,643,966.81, down from CNY 820,839,151.06 at the beginning of the year[88]. Research and Development - The company has successfully completed the R&D tasks for two self-developed projects: D-level flight simulator visual system and low-altitude airspace monitoring and management system, with positive market expansion efforts underway[21]. - Research and development investment increased by 116.09% to CNY 36,978,147.80, driven by significant projects such as the development of high-speed, high-precision 3D measurement instruments[27]. - Investment in R&D increased by 30% compared to the previous year, focusing on developing new software solutions and technologies[162]. Market Expansion and Strategy - The company plans to strengthen its market expansion in new business areas, including flight simulation systems, low-altitude monitoring, 3D measurement, and smart city technologies[22]. - The company expects a revenue growth of 20% for the second half of 2014, driven by new product launches and market expansion strategies[167]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2015[163]. - A new software product is set to launch in Q3 2014, anticipated to generate an additional $5 million in revenue[169]. Cash Dividends and Shareholder Equity - The company will not distribute cash dividends or issue bonus shares for the reporting period[7]. - The company plans to distribute a cash dividend of 2 yuan per 10 shares based on a total share capital of 139,245,600 shares, with the record date on May 28, 2014[50]. - No cash dividends or stock bonuses are planned for the semi-annual period, nor will there be any capital reserve transfers to increase share capital[52]. - The total owner's equity at the end of the reporting period was CNY 855,899,536.09, with a decrease of CNY 12,516,395.02 during the period[95]. - The retained earnings decreased to CNY 197,808,298.03, indicating a reduction in undistributed profits[95]. Compliance and Governance - The company did not experience any changes in its controlling shareholder during the reporting period[75]. - The company did not engage in any repurchase transactions during the reporting period[75]. - There were no significant lawsuits or arbitration matters during the reporting period[58]. - The company has not undergone any bankruptcy restructuring during the reporting period[60]. - The company maintains compliance with its cash dividend policy, ensuring clarity and transparency in decision-making processes[51]. - The company has not reported any significant changes in accounting policies or prior period error corrections during the current reporting period[110]. Assets and Liabilities - The company reported a significant increase in cash received from sales of goods and services, totaling RMB 106,026,607.63, up 16% from RMB 91,455,520.57[93]. - The cash outflow for investing activities was RMB 98,933,480.87, which is an increase compared to RMB 64,507,637.50 in the previous year[93]. - The company incurred financing cash outflows of RMB 27,524,622.56, slightly higher than RMB 27,005,661.75 in the same period last year[93]. - The company reported a cash balance of RMB 127,947,228.02 at the end of the period, down from RMB 230,230,768.16 at the beginning of the period[197]. - Accounts receivable totaled RMB 132,560,351.44, with a provision for bad debts amounting to RMB 16,098,746.89[199]. Operational Highlights - The company completed the purchase and installation of a second Airbus A320 D-level flight simulator, which is expected to enhance training services for Tibet Airlines starting August 2014[21]. - The first Airbus A320 D-level flight simulator was certified in 2012 and has been fully operational, with a training contract lasting 15 years[44]. - The second Airbus A320 D-level flight simulator was installed and certified in July 2014, expected to start operations in August 2014 with a 16-year training contract[44]. - The company has completed the R&D tasks for the low-altitude airspace monitoring and service system, with positive market development results expected to meet 2014 profit targets[44]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 12,137[73]. - The largest shareholder, You Zhisheng, holds 9.42% of shares, totaling 13,112,043 shares[73]. - The total number of shares remains unchanged at 139,245,600, with a reduction of 1,275,750 restricted shares and an increase of 1,275,750 unrestricted shares[70]. - The proportion of restricted shares decreased from 10.53% to 9.61%, while unrestricted shares increased from 89.47% to 90.39%[70].