Wisesoft(SZ:002253)2017-08-15 16:00Financial Performance - The company's operating revenue for the first half of 2017 was ¥97,624,422.21, a decrease of 31.48% compared to ¥142,467,211.62 in the same period last year[14]. - The net profit attributable to shareholders of the listed company was ¥13,703,585.17, representing a slight increase of 1.23% from ¥13,537,487.62 year-on-year[14]. - The basic earnings per share for the reporting period was ¥0.0607, up 1.17% from ¥0.0600 in the previous year[15]. - The total operating revenue for the reporting period was ¥97,624,422.21, a decrease of 31.48% compared to ¥142,467,211.62 in the same period last year[46]. - The net profit for the first half of 2017 was RMB 14,095,575.40, a decline of 14.7% from RMB 16,519,910.76 in the previous year[130]. - The company's total equity was RMB 1,268,173,376.37, slightly down from RMB 1,281,107,729.45 at the beginning of the year[128]. Cash Flow and Investments - The net cash flow from operating activities was ¥296,324.84, a significant improvement compared to a negative cash flow of ¥45,078,950.23 in the previous year, marking a 100.66% increase[14]. - The net cash flow from operating activities increased by 100.66% to ¥296.32 thousand, compared to a negative cash flow of ¥45.08 million in the same period last year[42]. - The company reported a net cash flow from investing activities of RMB -35,923,961.90, an improvement from RMB -52,847,778.47 in the previous year[134]. - The company reported a net increase in cash and cash equivalents of ¥89,170,900.00, a year-on-year increase of 60.03%[47]. - Cash and cash equivalents decreased to RMB 235,801,632.24 from RMB 286,369,721.86 at the beginning of the year, a decline of 17.6%[127]. Research and Development - The company continued to develop high-precision 3D facial recognition products, which are currently in the prototype stage and have been tested in various projects[24]. - The company is advancing its research and development in interactive virtual reality products, with multiple interactive experiences and a VR science education classroom product under development[25]. - R&D investment increased by 60.46% to ¥32.17 million from ¥20.05 million year-on-year, reflecting the company's commitment to enhancing innovation[42]. - The company has completed the development of a high-precision structured light 3D measurement instrument, achieving three key technologies and five core components, enhancing its core competitiveness and expanding into new business areas[57]. Government Support and Subsidies - The company received government subsidies amounting to ¥3,770,118.98, which accounted for 27.51% of the net profit attributable to shareholders, reflecting a 401.30% increase compared to the previous year[16]. Operational Developments - The flight simulation training services saw significant revenue growth due to the operation of four D-level flight simulators[19]. - The company has signed new contracts in the air traffic management sector totaling over ¥150 million, marking a new high for new contracts in the past decade[39]. - The company has achieved a breakthrough in the development of an AI-based high-end automated air traffic control system, improving the recognition accuracy of control communications from 70% to 95.20%[29]. - The company has completed the upgrade of its electronic engineering and building intelligence qualifications, obtaining first-class qualifications for broader project bidding opportunities[32]. Shareholder and Equity Information - The company’s total shares amount to 225,626,095, with 17,024,723 shares under lock-up conditions, representing 7.55%[107]. - The major shareholders include You Zhisheng with an 8.01% stake and Sichuan Zhisheng Vision Science and Technology Co., Ltd. with a 6.99% stake[108]. - The company’s controlling shareholder remains You Zhisheng, with no changes reported[110]. Related Party Transactions - The estimated daily related party transaction amount with Sichuan University for 2017 is not to exceed 41 million yuan, with an annual funding of 5 million yuan for the "Intelligent Systems Research Institute" over the next 10 years[88]. - During the reporting period, the company had related party transactions with Sichuan University amounting to 2.7953 million yuan and provided 5 million yuan for horizontal commissioned development, totaling 7.7953 million yuan[89]. - The total amount of related party transactions during the reporting period was 19.4477 million yuan, accounting for 16.97% of the approved transaction limit[90]. Compliance and Governance - The financial report was approved by the board on August 15, 2017, indicating a commitment to transparency and regulatory compliance[150]. - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period[80]. - There are no major litigation or arbitration matters during the reporting period[84]. - The company has no media controversies during the reporting period[85]. Future Outlook - The company anticipates stable growth in performance due to the market promotion phase of its newly developed products[73]. - The company plans no cash dividends or stock bonuses for the reporting period, indicating a focus on reinvestment[6].