Koal(SH:603232)2021-08-24 16:00Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2021, representing a 15% increase compared to the same period last year[22]. - The net profit for the first half of 2021 was RMB 20 million, which is a 10% increase year-over-year[22]. - The company's operating revenue for the first half of 2021 was ¥177,043,223.57, representing a 58.52% increase compared to ¥111,687,592.89 in the same period last year[24]. - The net profit attributable to shareholders was a loss of ¥24,903,555.60, an improvement from a loss of ¥34,904,057.73 in the previous year[24]. - The net cash flow from operating activities was a negative ¥117,160,820.87, worsening from a negative ¥54,264,237.82 in the same period last year[24]. - The basic earnings per share for the first half of 2021 was -¥0.11, an improvement from -¥0.15 in the same period last year[25]. - The company reported a net profit for the first half of 2021 was a loss of ¥25,015,038.90, an improvement from a loss of ¥34,924,852.91 in the same period of 2020[149]. - The total comprehensive income for the first half of 2021 was CNY -7,860,610.01, compared to CNY -11,515,916.57 in the first half of 2020, indicating a reduction in losses[153]. Assets and Liabilities - The total assets of the company as of June 30, 2021, amounted to RMB 500 million, showing a growth of 5% from the previous year[22]. - The company's total assets increased by 1.48% to ¥1,648,319,818.93 from ¥1,624,238,738.80 at the end of the previous year[24]. - The company's total assets as of June 30, 2021, amounted to ¥1,183,635,165.89, slightly down from ¥1,204,648,408.96 at the end of 2020[146]. - Total liabilities rose to CNY 370,180,254.86 from CNY 294,316,496.83, marking an increase of about 25.8%[141]. - The company's equity attributable to shareholders decreased to CNY 1,277,514,524.79 from CNY 1,329,185,719.39, a decline of approximately 3.9%[141]. Research and Development - Research and development expenses increased by 20% in the first half of 2021, reflecting the company's commitment to innovation[22]. - Research and development expenses amounted to approximately 49.66 million yuan, an increase of 39.44% compared to the previous year[59]. - Research and development expenses for the first half of 2021 amounted to ¥49,658,896.51, compared to ¥35,612,464.65 in the first half of 2020, indicating a rise of approximately 39.4%[148]. Market Strategy and Expansion - The company plans to expand its market presence by entering two new provinces in the second half of 2021[22]. - The company focuses on the information security industry, specifically in the PKI (Public Key Infrastructure) field, providing comprehensive security solutions[30]. - The sales strategy involves direct engagement with end-users and system integrators to address the specific needs of clients in the information security domain[37]. - The company expanded its marketing efforts in various sectors, including government, defense, and finance, enhancing its presence in emerging business areas like zero trust and blockchain[53]. Risk and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in its reports[6]. - The company has no non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not violated any decision-making procedures for providing guarantees[7]. - The company has maintained a good integrity status with no violations reported during the reporting period[109]. Shareholder Information - The total number of shares increased from 193,101,694 to 231,722,033 after a capital reserve conversion[8]. - The total number of ordinary shareholders at the end of the reporting period was 20,817[127]. - The top ten shareholders held a total of 30,081,462 shares, representing 12.98% of the company[129]. - The largest shareholder, Kong Linggang, increased his holdings by 5,013,577 shares during the reporting period[129]. Corporate Governance - The company held its 2020 annual general meeting on May 13, 2021, where several key reports and proposals were approved[92]. - There were no changes in the company's board, supervisors, or senior management during the reporting period[93]. - The company did not propose any profit distribution or capital reserve transfer plans for the half-year period[93]. Environmental and Social Responsibility - The company emphasized its commitment to environmental protection, with no administrative penalties related to environmental issues during the reporting period[97]. Financial Management - The company approved the use of up to RMB 700 million of idle raised funds for cash management, with a rolling usage period of two years[85]. - The investment income generated from the redemption of wealth management products in the first half of 2021 was RMB 3,425,666.71[87]. - The company reported a financial asset fair value change gain of CNY 1,191,404.39 for the first half of 2021, compared to a gain of CNY 573,792.08 in the same period of 2020[153]. Industry Outlook - The cybersecurity industry is experiencing increasing demand for products due to frequent security incidents and rising risks in information transmission, identity authentication, and data storage[40]. - The Chinese government aims for the cybersecurity industry to exceed 250 billion yuan by 2023, with key sectors like telecommunications expected to allocate 10% of their budgets to cybersecurity[41]. - Market competition is intensifying as more large IT and internet companies enter the information security sector, posing risks to the company's market share[80].