CSI(SH:600158)2021-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥434.49 million, a decrease of 45.35% compared to the same period last year[23]. - The net profit attributable to shareholders of the listed company was approximately -¥33.03 million, representing a decline of 641.93% year-on-year[23]. - The net cash flow from operating activities was -¥390.82 million, indicating a significant cash outflow[23]. - The total assets at the end of the reporting period were approximately ¥5.31 billion, a decrease of 0.59% from the previous year[23]. - The net assets attributable to shareholders of the listed company were approximately ¥2.45 billion, down 2.01% compared to the end of the previous year[23]. - The basic earnings per share for the first half of 2021 was -¥0.0344, a decrease of 577.78% year-on-year[24]. - The overall operating revenue from domestic markets decreased by 46.32% to ¥422.85 million, with no revenue reported from overseas markets[65]. - The company reported a significant increase in cash received from tax refunds, up 696.84% to ¥4.45 million compared to ¥0.56 million last year[61]. - The company reported a total of ¥1,800,000.00 in capital contributions from shareholders during the period[184]. - The total comprehensive income amounted to ¥24,172,119.44, a decrease of ¥6,455,248.89 compared to the previous period[169]. Business Strategy and Development - The company anticipates that the sports industry will reach a total scale of ¥5 trillion by 2025, driven by favorable policies and events like the 2022 Beijing Winter Olympics[29]. - The company is focusing on leveraging new technologies such as 5G, artificial intelligence, and big data to empower the sports industry[29]. - The company has implemented the "Sailing·Striving" action plan (2021-2023) since April 2021, focusing on organizational restructuring and core business optimization to support future transformation[33]. - The company aims to enhance its core business areas, including event activities, sports communication, education and training, and digital technology platforms, to drive high-quality development in the sports industry[33]. - The company is adapting its training business to innovate online learning scenarios and sales channels in response to the pandemic[30]. - The company is focusing on sports vocational education and training, aligning with national policies to develop marketable IP projects in the sports education sector[51]. Market Position and Competitiveness - The company is the only A-share listed company under the National Sports Administration, leveraging its extensive resources and stable relationships with various sports organizations[38]. - The company has developed strong IP events such as the Beijing Marathon and Guangzhou Marathon, enhancing its brand value and market recognition[41]. - The company has established a national layout in event activities, sports communication, education and training, and other business areas, optimizing resource allocation and integration[40]. - The company has a robust talent pool, cultivating high-quality professionals in various fields to support sustainable development[42]. - The company has established a strong market competitiveness in the lottery core technology field, supported by thousands of national, industry, and local standards, along with high international recognition certifications[43]. Financial Management and Investments - The company made equity investments totaling 33.98 million yuan during the reporting period, an increase of 28.42 million yuan, or 511.00%, compared to the same period last year[72]. - The company signed strategic cooperation agreements with various sports authorities to enhance collaboration in winter sports and sports talent training, aiming to create national-level brand IP events[46]. - The company has developed a comprehensive lottery service chain, with stable growth in instant ticket printing and software system operations, while facing a decline in thermal ticket printing due to policy adjustments[52]. - The company has hosted over 10 international and domestic events and nearly 30 provincial-level events, while also repurposing venues for public health needs during the pandemic[53]. - The company is advancing its digital sports venue management platform, with ongoing development of subsequent phases and strategic partnerships for community sports services[55]. Compliance and Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital for this reporting period[6]. - The company is expanding its risk management framework to ensure compliance and stability in its operations, particularly in the lottery and sports event sectors[52]. - The company is committed to compliance with industry regulations and licensing requirements[198]. - The company has a commitment to avoid any competition with its main business after the completion of the major asset restructuring, ensuring no unfair influence on the company's development[99]. Social Responsibility - The company donated 350,000 yuan to support poverty alleviation efforts in Shanxi Province and Guizhou Province during the reporting period[89]. - The company is preparing to conduct targeted poverty alleviation activities based on the specific needs of three counties[89]. Shareholder Structure and Equity - The total number of ordinary shareholders reached 75,866 by the end of the reporting period[133]. - The top ten shareholders hold a combined total of 187,043,989 shares, representing 19.49% of the total shares[133]. - The company issued a total of 331,703,185 shares for fundraising purposes, with a lock-up period of 12 months from the date of listing[132]. - The largest shareholder, Huati Group Co., Ltd., holds 187,043,989 shares, with 9,500,000 shares pledged[133]. - The company has 186,239,981 shares under lock-up conditions, which will become tradable 18 months after the listing date[137].