FLDT(SH:600228)2023-08-11 16:00Financial Performance - In the first half of 2023, the company achieved operating revenue of 132 million RMB, a year-on-year decrease of 21.01%[5] - The net profit attributable to shareholders was -12.11 million RMB, a year-on-year decline of 280.06%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -8.50 million RMB, down 234.19% year-on-year[5] - The company's operating revenue for the first half of 2023 was ¥131,984,475.34, representing a decrease of 21.01% compared to ¥167,083,402.00 in the same period last year[24] - The net profit attributable to shareholders for the first half of 2023 was -¥12,109,754.29, a decline of 280.06% from a profit of ¥6,725,467.41 in the previous year[24] - The net cash flow from operating activities was -¥21,802,186.03, a significant decrease of 218.63% compared to ¥18,378,202.14 in the same period last year[24] - The company's net profit excluding non-recurring gains and losses was -¥8,499,906.71, a decline of 234.19% from ¥6,334,463.84 in the same period last year[24] - The basic earnings per share was -0.0166 yuan, down 302.44% from the previous year, reflecting the decline in net profit attributable to shareholders[27] - The net cash flow from operating activities was -21.80 million yuan, a decrease of 218.63% year-on-year, mainly due to a decline in revenue from various platforms[27] Operational Challenges - The company reported a cumulative unremitted loss of 632.45 million RMB, indicating challenges in short-term cash dividends to shareholders[7] - The company faces operational risks due to a decline in revenue from its main business, including guiding and advertising services[7] - The company emphasizes the risk of performance decline impacting overall business performance and profitability[6] - The company is unlikely to distribute cash dividends to shareholders in the short term due to significant accumulated losses[86] - The company faces risks related to macroeconomic fluctuations, which may impact internet service revenue, advertising income, and other value-added services[83] - The company is exposed to competition risks in the online shopping service sector, particularly from major platforms like Alibaba and JD.com[83] Asset and Capital Structure - The total share capital changed from 241.32 million shares to 823.27 million shares after stock issuance, affecting per-share earnings and return on equity metrics[6] - The company has a total of 36 registered trademarks, 155 software copyrights, 6 patents, and 2 registered copyrights, showcasing its strong technological and intellectual property capabilities[49] - The company has established two new subsidiaries with a registered capital of ¥1 million each, maintaining a 100% ownership stake[64] - The company has a total of 17 wholly-owned subsidiaries and 3 equity investments in other companies as of the reporting date[64] - The total number of shares decreased to 729,797,652 after the cancellation of 2,934,938 shares due to the 2021 performance compensation plan[120] Research and Development - The company increased its investment in R&D for new products in the guiding field, although the related expenditure reduction was less than the decline in operating revenue[27] - The company is developing an AI-based e-commerce shopping guide app called "Ruyi," which is currently in internal testing and has no set launch date or specific profit targets[37] - The company has increased its investment in R&D for vertical applications in the shopping guide sector, emphasizing the use of advanced technologies to improve user shopping experiences[37] - Research and development expenses for the first half of 2023 were ¥19,192,404.62, nearly unchanged from ¥19,304,605.62 in the same period of 2022[151] Corporate Governance and Compliance - The company has not proposed any profit distribution or capital reserve transfer plans for the reporting period[5] - The company has not disclosed any employee stock ownership plans or other incentive measures during the reporting period[93] - The company has not reported any significant violations or penalties involving its directors, supervisors, or senior management during the reporting period[112] - The company has made various important commitments related to the major asset restructuring transaction, ensuring the protection of shareholder interests[107] - The company has outlined strategies to reduce related party transactions as part of its commitment to transparency and governance[104] Social Responsibility and Sustainability - The company has actively participated in rural revitalization efforts, including a direct investment in the Ganzhou area and creating a tax contribution of approximately 13 million yuan through its subsidiary[97] - The company donated 30 Lenovo laptops to a school in Yunnan Province to support teachers' information technology work, demonstrating its commitment to social responsibility[97] - The company has implemented measures to reduce carbon emissions, including promoting green office practices and advocating for waste reduction and recycling initiatives[96] - The company has complied with environmental regulations and has not faced any administrative penalties during the reporting period[94] Market Trends and Future Outlook - In the first half of 2023, China's online retail sales reached 7.16 trillion yuan, growing by 13.1% year-on-year, while physical goods online retail sales were 6.06 trillion yuan, up by 10.8%[43] - The internet advertising market in China was valued at 305.56 billion yuan in the first half of 2023, reflecting a growth of 5.2% compared to the previous year[45] - The company is focusing on integrating marketing and advertising services, providing comprehensive marketing solutions driven by digital technology to enhance brand recognition and operational efficiency[38] - The company plans to enhance operational efficiency and continue investing in artificial intelligence applications in the shopping sector[54] - The management aims to balance innovation investments with performance returns while maintaining positive operating cash flow[54]