Wisesoft(SZ:002253)2025-08-29 10:10Financial Performance - The company's operating revenue for the first half of 2025 was CNY 54.52 million, a decrease of 37.39% compared to CNY 87.07 million in the same period last year[15]. - The net profit attributable to shareholders was a loss of CNY 32.88 million, representing a decline of 92.41% from a loss of CNY 17.09 million in the previous year[16]. - Operating revenue decreased by 32.56 million yuan, a year-on-year decline of 37.39%, primarily due to fewer projects reaching delivery acceptance in the first half of 2025[28]. - The net profit attributable to shareholders of the listed company was a loss of 32.88 million yuan, an increase in loss of 15.79 million yuan year-on-year, representing a 92.41% increase in loss[26]. - The net loss for the first half of 2025 was 45,434,438.04, compared to a net loss of 17,932,812.21 in the first half of 2024, reflecting a significant increase in losses[110]. - The company reported a total comprehensive loss of RMB 22.11 million for the first half of 2025, compared to a loss of RMB 15.24 million in the same period of 2024, reflecting overall financial challenges[115]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to CNY 11.16 million, compared to a negative cash flow of CNY 8.36 million in the same period last year, marking a 233.48% increase[16]. - The company's cash and cash equivalents decreased by 22.80 million yuan, a decline of 72.04% year-on-year[29]. - The company's cash and cash equivalents decreased from 115,460,037.74 to 84,303,562.40, a decline of approximately 26.9%[108]. - Cash inflows from operating activities totaled ¥72,318,695.10 in the first half of 2025, up 35% from ¥53,590,199.07 in the first half of 2024[117]. - Cash outflows from financing activities totaled ¥31,294,416.67 in the first half of 2025, compared to ¥1,996,659.51 in the same period of 2024, indicating a significant increase in financing costs[118]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1.41 billion, down 3.41% from CNY 1.46 billion at the end of the previous year[16]. - The company reported a decrease in net assets attributable to shareholders, which fell to CNY 1.10 billion, a decline of 2.91% from CNY 1.13 billion at the end of the previous year[16]. - Total liabilities were CNY 302,900,776.65, slightly down from CNY 307,398,719.85, indicating a decrease of about 1.6%[106]. - The total liabilities decreased from 202,751,559.97 to 160,528,051.99, a decline of about 20.8%[109]. - The total equity attributable to shareholders decreased from 1,140,063,629.24 to 1,117,949,042.99, a reduction of approximately 1.9%[109]. Research and Development - Research and development expenses increased by 8.59 million yuan, a year-on-year growth of 96.51%, mainly due to new R&D expenditures being capitalized by the subsidiary[30]. - Research and development expenses for the first half of 2025 were 28,204,010.89, up from 18,090,626.86 in the same period of 2024, indicating an increase of about 55.9%[110]. - The new product "Mental Health Large Model V1.0" has passed technical certification based on the Ascend AI hardware and software platform, indicating progress in AI-based new business[22]. Business Strategy and Operations - The company has signed contracts for low-altitude airspace management systems and low-altitude flight service station systems in Zhejiang and Guangxi, respectively, as part of its traditional business expansion[21]. - The company plans to enhance market marketing and customer management, focusing on the artificial intelligence sector to expand business scale[55]. - The company aims to optimize business process management to control operating costs and improve operational efficiency[56]. - The company is exploring new business areas, including low-altitude economy and non-contact psychological health monitoring devices in the medical sector[57]. Shareholder and Governance - The total number of ordinary shareholders at the end of the reporting period was 38,326[95]. - The largest shareholder, You Zhisheng, holds 9.13% of the shares, totaling 20,589,033 shares[95]. - The company completed the election of the ninth board of directors and appointed new senior management during the reporting period[60]. - There were no stock incentive plans, employee stock ownership plans, or other employee incentive measures implemented during the reporting period[62]. Compliance and Legal Matters - The company did not engage in any significant litigation or arbitration matters during the reporting period[69]. - There were no violations regarding external guarantees during the reporting period[67]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[69]. - The integrity status of the company and its controlling shareholders remains good, with no significant debts or obligations unfulfilled[72]. Accounting and Financial Reporting - The financial report was approved by the company's board of directors on August 29, 2025[136]. - The company adheres to the Chinese Accounting Standards, ensuring that its financial reports accurately reflect its financial position, operating results, and cash flows[142]. - The accounting year for the company runs from January 1 to December 31 each year, with the reporting currency being RMB[143][144]. - The company includes all subsidiaries in its consolidated financial statements, ensuring a comprehensive view of its financial health[150].