*ST美盛(002699) - 2017 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 350,971,113.48, representing an increase of 82.89% compared to CNY 191,902,768.00 in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached CNY 94,611,129.60, up 108.51% from CNY 45,373,913.82 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was CNY 50,818,543.10, an increase of 86.66% compared to CNY 27,224,782.78 in the previous year[18]. - The basic earnings per share for the reporting period was CNY 0.10, doubling from CNY 0.05 in the same period last year[18]. - The total comprehensive income for the first half of 2017 was ¥94,877,387.90, compared to ¥46,168,968.95 in the previous year, representing an increase of approximately 105%[145]. - The company's total operating costs were ¥293,014,625.64, up from ¥161,389,419.57, which is an increase of about 81%[144]. - The company reported a significant increase in the revenue from animation and gaming products, which surged by 285.25% year-on-year[52]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 4,652,867,215.53, a growth of 27.52% from CNY 3,648,625,526.81 at the end of the previous year[18]. - The total assets of the company amounted to ¥4,525,159,077.72, compared to ¥3,556,041,064.62 in the previous year, showing an increase of about 27%[144]. - Total liabilities increased to CNY 1,208,974,397.90 from CNY 165,736,022.69, a substantial rise of approximately 628.5%[136]. - The company's total liabilities were ¥1,240,772,124.26, compared to ¥185,147,372.95 in the previous year, indicating a substantial increase[144]. - Owner's equity decreased slightly to CNY 3,443,892,817.63 from CNY 3,482,889,504.12, a decline of about 1.1%[137]. Cash Flow - The net cash flow from operating activities improved significantly, with a net outflow of CNY 7,546,614.67 compared to a net outflow of CNY 76,517,792.67 in the same period last year, marking a 90.14% improvement[18]. - The total cash inflow from operating activities was CNY 327,234,308.09, compared to CNY 175,774,250.61 in the previous period, representing an increase of approximately 86%[152]. - The cash inflow from sales of goods and services was CNY 292,092,123.20, compared to CNY 166,428,274.06 in the previous period[151]. - The ending cash and cash equivalents balance was CNY 262,382,129.97, down from CNY 310,827,497.97 in the previous period[153]. Investments and Acquisitions - The company invested a total of 190.767 million yuan in JAKKS, acquiring a 19.50% stake and becoming its largest shareholder[30]. - The company has used RMB 9,800 million of excess raised funds to acquire 70% equity in Shanghai Pure Innocence Film Investment Co., Ltd[71]. - The investment progress of the animation apparel expansion project is 86.31%, with a cumulative investment of RMB 18,912.12 million against a total commitment of RMB 21,350 million[70]. Market Strategy and Development - The company is focusing on developing its IP derivative products, including animation, games, and films, to strengthen its position in the cultural industry[26]. - The company aims to build a cultural ecosystem that integrates self-owned IP, content production, distribution, new media operations, and retail channels[27]. - The company is positioned in a rapidly expanding cultural industry, with significant potential for growth in the IP content market[29]. - The company is actively investing in new media platforms, including AR and VR, and has become a leading mobile game live streaming platform through its investment in Chushou TV[36]. - The company aims to integrate various channels to better connect with the entertainment ecosystem, facilitating cross-selling of cultural products and increasing user engagement[40]. Risks and Challenges - The company acknowledges potential risks including changes in cultural industry policies and intensified market competition, which may impact future performance[4]. - The company faces risks including changes in cultural industry policies and intensified market competition[82]. Shareholder Information - The total number of shares increased from 505,318,100 to 909,572,725, representing a growth of approximately 79.9%[112]. - The company distributed a cash dividend of 2.5 yuan for every 10 shares and issued 8 additional shares for every 10 shares held, effective June 8, 2017[112]. - The total number of common shareholders at the end of the reporting period is 35,445[118]. Corporate Governance - The half-year financial report has not been audited[91]. - The company has not implemented any stock incentive plans or employee shareholding plans during the reporting period[95]. - There were no significant lawsuits or arbitration matters during the reporting period[93]. Accounting Policies - The company recognizes revenue from domestic copyright sales at the time of income confirmation, with all actual costs recognized as sales costs[198]. - The company provisions for inventory impairment based on the difference between cost and net realizable value[195]. - The company uses aging analysis method to provision for bad debts, with rates of 5% for within 1 year, 10% for 1-2 years, 50% for 2-3 years, 80% for over 3 years, and 100% for over 5 years[194].