IMS(SH:600556)2019-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2019 was ¥13,200,443.12, a decrease of 61.71% compared to ¥34,475,047.63 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was -¥44,883,245.74, compared to -¥10,126,936.06 in the previous year[22]. - Basic earnings per share were -¥0.1137, compared to -¥0.0257 in the same period last year[25]. - The weighted average return on net assets was -248.98%, a decrease of 235.02 percentage points from -13.96% in the previous year[25]. - The total operating loss for the reporting period amounted to CNY 45.44 million, primarily due to a provision for investor litigation of CNY 24.69 million and approximately CNY 10 million in restructuring-related fees[35]. - The company reported a net profit loss due to significant expenses related to investor litigation and major asset restructuring, indicating a weak profitability outlook until the restructuring is completed[53]. - The company reported a net loss attributable to shareholders of the parent company of -44,883,245.74 RMB for the first half of 2019, compared to -10,126,936.06 RMB in the previous year[120]. - The total comprehensive income for the first half of 2019 was -45,432,100.07 RMB, compared to -10,378,535.03 RMB in the previous year, indicating a worsening financial position[122]. Cash Flow and Assets - The net cash flow from operating activities was -¥9,830,266.44, an improvement of ¥6,563,397.51 compared to -¥16,393,663.95 in the same period last year[22]. - Cash flow from operating activities showed a net outflow of CNY 163.94 million, a decrease of 42.42% year-on-year[36]. - The company’s cash and cash equivalents at the end of the reporting period were CNY 43.89 million, representing 54.66% of total assets[42]. - Cash and cash equivalents decreased from RMB 53,727,152.18 to RMB 43,886,046.42, a decline of approximately 18.3%[103]. - The total cash inflow from financing activities was not specified, but the cash outflow included debt repayments and other financing-related payments[138]. - The net increase in cash and cash equivalents was -9,841,105.76 CNY, compared to -16,044,469.23 CNY in the previous period[134]. Liabilities and Equity - The total liabilities increased to CNY 175,489,609.59, up from CNY 137,933,521.91, reflecting a growth of 27.2%[116]. - The total equity attributable to shareholders was reported at CNY -8,497,614.35, compared to CNY 33,502,360.20 in the previous year, indicating a significant decline[116]. - The company reported a significant increase in expected liabilities, totaling CNY 339.09 million, reflecting a 263.51% increase due to investor litigation provisions[44]. - The total owner's equity at the end of the period is 39,156,532.95 RMB, down from the previous year's total[142]. Business Operations - The company did not conduct any smart city equipment integration procurement business during the reporting period, leading to a significant drop in revenue[26]. - The company has suspended its smart city business while maintaining operations in property management and lottery services[31]. - The company is currently undergoing a major asset restructuring, maintaining only property management and lottery businesses during the reporting period[49]. - The company has not distributed profits or increased capital reserves during the reporting period[55]. Legal and Regulatory Matters - The company is involved in multiple lawsuits, with a total claim amount of approximately RMB 554.69 million from various parties, including RMB 100 million in loans and RMB 60 million in deposit refunds[66]. - As of June 30, 2019, the company has received claims from 296 investors totaling RMB 55.67 million due to alleged false statements, with 44 cases withdrawn and 137 cases settled[68]. - The company has recognized a provision for expected liabilities amounting to RMB 34.02 million related to investor lawsuits as of June 30, 2019[68]. - The Jiangxi High Court ruled that the company does not bear guarantee responsibilities in a trust financing dispute, which involved a principal amount of RMB 300 million and additional fees[67]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 30,062[90]. - The largest shareholder, Beijing Tianxia Xiu Technology Co., Ltd., holds 46,040,052 shares, accounting for 11.66% of total shares[90]. - The second-largest shareholder, Sun Wei, holds 15,000,059 shares, representing 3.80% of total shares[90]. - The company has not experienced any changes in its share capital structure during the reporting period[88]. Accounting and Financial Reporting - The financial statements were approved by the board of directors on August 29, 2019[172]. - The financial statements are prepared based on actual transactions and in accordance with the accounting standards issued by the Ministry of Finance[176]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts[177]. - The accounting policies and estimates comply with the requirements of the accounting standards, reflecting the company's financial position and operating results accurately[178].