IBS(SH:603183)2021-08-12 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥336,190,275.53, representing a 17.59% increase compared to ¥285,906,068.61 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2021 was ¥39,530,473.96, which is a 24.22% increase from ¥31,823,421.60 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥36,486,733.79, up 28.46% from ¥28,402,429.63 in the same period last year[17]. - The basic earnings per share for the first half of 2021 was ¥0.09, an increase of 28.57% compared to ¥0.07 in the same period last year[19]. - The company achieved a revenue of 336.19 million RMB in the first half of 2021, representing a year-on-year growth of 17.59%[34]. - The net profit attributable to shareholders reached 39.53 million RMB, marking a 24.22% increase compared to the previous year[34]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,670,362,439.48, a slight increase of 0.34% from ¥1,664,695,482.80 at the end of the previous year[18]. - The net assets attributable to shareholders at the end of the reporting period were ¥1,309,145,749.66, reflecting a 1.72% increase from ¥1,287,063,711.49 at the end of the previous year[18]. - Cash and cash equivalents decreased by 21.59% to ¥227.32 million, down from ¥289.91 million[41]. - Accounts receivable increased by 18.89% to ¥389.20 million, compared to ¥327.37 million[41]. - Contract liabilities rose by 87.92% to ¥23.26 million, up from ¥12.38 million[41]. - Inventory increased by 4.54% to ¥88.71 million, from ¥84.85 million[41]. - Fixed assets grew by 2.34% to ¥189.64 million, compared to ¥185.30 million[41]. - Goodwill increased by 9.40% to ¥299.49 million, up from ¥273.74 million[41]. - Long-term prepaid expenses rose by 44.49% to ¥11.46 million, from ¥7.93 million[41]. - Other current liabilities increased by 130.48% to ¥8.20 million, compared to ¥3.56 million[41]. Cash Flow - The net cash flow from operating activities was negative at -¥46,960,764.42, compared to -¥44,856,030.78 in the same period last year[18]. - Cash inflow from investment activities was ¥256,744,052.93, compared to ¥311,202,817.36 in the same period last year[108]. - Cash flow from financing activities resulted in a net outflow of ¥28,406,586.81, a significant decrease from an inflow of ¥232,813,192.31 in the first half of 2020[108]. - The total cash and cash equivalents at the end of the first half of 2021 were 53,162,192.18 RMB, down from 222,904,313.08 RMB at the end of the first half of 2020[112]. Business Operations - The company is engaged in integrated services in the construction sector, including engineering design, consulting, monitoring, and project management[23]. - The engineering quality testing business is primarily conducted by subsidiaries, with comprehensive qualifications for various construction-related inspections[24]. - The company has completed over a thousand structural reinforcement projects, enhancing its reputation in the industry[25]. - The company’s new building materials division has launched several products, achieving recognition as a "Jiangsu Province Famous Brand" and "Suzhou Brand Product"[26]. - The company utilizes a bidding process for project acquisition, ensuring compliance with legal regulations and maintaining a good reputation in the industry[27]. - The company has established a training school to cultivate talent in the construction industry, serving as a certification base for quality testing personnel[26]. - The company emphasizes energy-saving practices in its construction projects, contributing to national goals for carbon reduction and sustainable development[26]. - The engineering consulting services provided by the company have won multiple provincial and municipal awards for excellence[26]. - The company’s engineering monitoring services are supported by various qualifications, ensuring high standards in project management and safety[25]. Strategic Initiatives - The company acquired 51% of a detection agency in April 2021, enhancing its core business competitiveness and expanding into the Suzhou market[34]. - Research and development expenses increased by 57.54% to 30.30 million RMB, reflecting a focus on innovation[37]. - The company established a regional marketing team to deepen its market presence in Suzhou and enhance its marketing capabilities outside the city[35]. - The company maintains stable supplier relationships, ensuring consistent procurement prices even during market fluctuations[30]. - The company has optimized its internal management processes, leading to improved operational efficiency[35]. - The company has built strong customer relationships over its 40 years of operation, providing a competitive advantage for future business[33]. Shareholder and Governance - The company did not distribute dividends or increase capital during this reporting period[4]. - The company held its first extraordinary general meeting on February 5, 2021, where several resolutions were passed, including the election of directors and independent directors[47]. - The second extraordinary general meeting was held on May 26, 2021, to approve changes to the business scope and amendments to the company's articles of association[49]. - The company reported no profit distribution or capital reserve transfer plans for the first half of 2021, with no dividends or stock bonuses proposed[51]. - The company approved the 2018 Restricted Stock Incentive Plan, granting 1.36 million shares at a price of 18.87 yuan per share to 47 eligible participants[52]. - The company experienced changes in its board and management, with several directors and supervisors being elected or resigning during the meetings[50]. - The company is committed to enhancing its corporate governance through the election of independent directors and supervisory board members[50]. Risks and Challenges - The company faces risks related to industry volatility and market competition, which may impact future performance[45]. - The company has significant receivables with a long aging period, increasing the risk of bad debts[45]. Accounting Policies - The financial statements are prepared based on the assumption of going concern, in accordance with the relevant accounting standards issued by the Ministry of Finance[138]. - The company’s accounting policies and estimates are developed based on its operational characteristics and comply with the enterprise accounting standards[140]. - The company recognizes the fair value of identifiable assets and liabilities in business combinations under non-common control, with any excess recognized as goodwill[145]. - The company has established a consolidated financial statement preparation method based on control, ensuring that all significant intercompany balances and transactions are eliminated[147]. - The company’s registered currency for accounting is RMB[144].