Wisesoft(SZ:002253)2015-08-20 16:00Financial Performance - The company achieved total operating revenue of 82,572,034.62 yuan, representing a 22.30% increase compared to the same period last year[17]. - Net profit attributable to shareholders reached 13,134,844.44 yuan, up 4.93% year-on-year[17]. - The company reported a significant increase of 79.64% in net profit after deducting non-recurring gains and losses, totaling 12,014,738.90 yuan[17]. - The company's operating revenue for the current period is $82.57 million, representing a year-over-year increase of 22.30% compared to $67.51 million in the same period last year[24]. - The company expects to achieve a net profit growth target of 200% to 500% for the year[27]. - The company achieved a net profit of $1.31 million, aligning with the previously projected range of $1.06 million to $1.56 million, indicating a year-over-year change of -15% to 25%[26]. Cash Flow and Investment Activities - The net cash flow from operating activities decreased by 79.92%, amounting to 4,450,198.97 yuan[17]. - The net cash flow from operating activities dropped significantly by 79.92% to $4.45 million from $22.17 million in the same period last year, mainly due to increased cash payments for goods and services[25]. - The net cash flow from investment activities improved by 60.22%, with a net outflow of $39.34 million compared to $98.91 million in the previous year[25]. - The net increase in cash and cash equivalents was $-35.20 million, an improvement of 65.58% from $-102.27 million in the same period last year[25]. - The company reported a significant increase in cash outflow for investment activities, totaling CNY 39,358,187.80, compared to CNY 98,933,480.87 in the previous period, resulting in a net cash outflow of CNY 39,341,987.80[102]. Research and Development - The company successfully developed two new flight simulation products, which have received civil aviation certification and secured initial orders[20]. - Research and development expenses decreased by 40.37% to $22.05 million from $36.98 million in the previous year, primarily due to the completion of fundraising projects[24]. - The company has initiated the development of various low-cost, compact 3D facial recognition cameras to meet domestic security requirements[21]. - The company completed the development of a large-scale panoramic interactive system prototype during the reporting period, enhancing its core competitiveness[39]. Projects and Contracts - The company is actively involved in the defense industry, contributing to military equipment projects, with expected growth in performance from these contracts[20]. - The company is facing delays in several major air traffic control projects, which may significantly impact its operational performance[23]. - The company signed contracts for two segments of air traffic control projects with a total bid amount of CNY 238 million, but the contract signing dates remain uncertain due to delays[75]. - The low-altitude airspace monitoring and management system project is expected to gradually realize benefits as policies for low-altitude airspace management are implemented in the future[46]. Financial Position - The total assets of the company increased by 3.67% to 1,060,347,314.07 yuan compared to the end of the previous year[17]. - The company's total liabilities increased to RMB 203,194,845.81 from RMB 179,980,707.41, reflecting a rise of approximately 12.5%[95]. - The total equity at the end of the reporting period is RMB 812,320,309.70, compared to RMB 820,839,151.06 at the end of the previous year, reflecting a decrease of approximately 1.9%[112]. - The company reported total assets of CNY 75,910,893.19 and net assets of CNY 26,505,325.46 for its subsidiary Sichuan Chuan University Intelligent Software Co., Ltd.[49]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,773[81]. - The company’s total share capital is 139,245,600 shares, with 12,411,515 shares subject to trading restrictions, accounting for 8.91% of total shares[79]. - Major shareholders include You Zhisheng with 9.42% ownership, Sichuan Zhisheng with 7.77%, and Sichuan University with 7.53%[81]. Compliance and Governance - The company has maintained compliance with corporate governance standards and has no discrepancies with legal requirements[57]. - The company has committed to reducing and avoiding related party transactions to ensure operational independence[73]. - The company has not faced any penalties or rectification issues during the reporting period[73]. Inventory and Assets Management - The company's inventory increased significantly to RMB 138,723,483.03 from RMB 112,550,985.34, marking a growth of approximately 23.2%[94]. - The company employs a perpetual inventory system and measures inventory at the lower of cost and net realizable value[158]. - The company recognizes impairment losses for long-term equity investments when their recoverable amount is less than their carrying amount[167]. Revenue Recognition - The company confirms revenue from system integration contracts upon project completion and customer acceptance, or using the percentage-of-completion method for complex projects[191]. - Revenue from technology transfer is recognized when the technology has been transferred and payment evidence is received[195]. - Service revenue is recognized upon completion of services within the same accounting year, or using the percentage-of-completion method if spanning multiple years[196].