Koal(SH:603232)2022-08-23 16:00Financial Performance - The company's operating revenue for the first half of 2022 was CNY 296,001,969.10, representing a 67.19% increase compared to CNY 177,043,223.57 in the same period last year[23]. - The net profit attributable to shareholders was -CNY 48,096,384.70, worsening from -CNY 24,903,555.60 year-on-year[23]. - The basic earnings per share for the first half of 2022 was -CNY 0.21, compared to -CNY 0.11 in the same period last year[24]. - The company's total assets decreased by 10.19% to CNY 1,709,727,123.97 from CNY 1,903,713,079.42 at the end of the previous year[23]. - The net assets attributable to shareholders decreased by 5.44% to CNY 1,319,293,193.09 from CNY 1,395,157,382.16 at the end of the previous year[23]. - The company's cash flow from operating activities was -CNY 146,924,746.89, indicating a negative cash flow situation[23]. - The weighted average return on net assets decreased by 1.61 percentage points to -3.50% from -1.89% year-on-year[24]. Corporate Governance - The board of directors confirmed that all members attended the board meeting, ensuring the integrity of the report[4]. - The financial report has not been audited, but management has declared its accuracy and completeness[5]. - The company has not faced any non-operational fund occupation by controlling shareholders or their affiliates[7]. - The company has not violated any decision-making procedures regarding external guarantees[7]. - The company has confirmed that more than half of the directors can guarantee the authenticity and completeness of the semi-annual report[7]. - There have been no changes in the company's board of directors or senior management during the reporting period[90]. - The company committed to strictly adhere to all laws and regulations regarding corporate governance and will not interfere in the management activities of the company[104]. Risk Management - The company has outlined potential risks in the management discussion section, advising investors to be aware of these risks[7]. - The report includes a forward-looking statement risk declaration, emphasizing the difference between plans, forecasts, and commitments[6]. - The company faces seasonal sales risks, with higher revenue typically concentrated in the second half of the year due to client procurement cycles[78]. - The company is exposed to risks related to technology development and product upgrades, which could impact profitability if not managed effectively[79]. - The competitive landscape in the information security industry is intensifying, posing risks to market share despite the company's current advantages[80]. - The company has implemented measures to protect its intellectual property, but risks of infringement remain, which could adversely impact profitability[82]. Research and Development - The company invested approximately 50.076 million yuan in research and development during the reporting period[57]. - The company continues to focus on expanding its product line in the field of cryptography, addressing emerging applications in digital currency, IoT, and data security[52]. - Research and development expenses remained stable at ¥50,075,958.51, a slight increase of 0.84% compared to ¥49,658,896.51 from the previous year[63]. - Research and development expenses for the first half of 2022 were ¥50,075,958.51, slightly up from ¥49,658,896.51 in the same period of 2021[136]. Market Position and Strategy - The company focuses on the information security industry, primarily engaged in the research, production, and sales of commercial cryptographic software and hardware products based on Public Key Infrastructure (PKI)[29]. - The company has developed a complete information security product system, including PKI infrastructure products, PKI security application products, and general security products[30]. - The company has established a marketing and service network covering 30 provinces and cities nationwide[54]. - The company is actively pursuing digital identity management and integrated password services in response to the digital transformation of state-owned enterprises[55]. - The company has been recognized as one of the top 50 competitive companies in the Chinese cybersecurity industry by the China Cybersecurity Alliance[42]. - The company is a leading player in the PKI product market, benefiting from over 20 years of development and innovation in information security[43]. Financial Management - The company reported a cash dividend of RMB 0.13 per share, totaling RMB 30,123,864.29 distributed to shareholders[8]. - The company approved the use of up to RMB 500 million of idle raised funds for cash management, with a rolling usage period of 12 months[85]. - As of the end of the reporting period, the balance of wealth management products purchased with idle raised funds was RMB 395 million[85]. - The investment income generated from the redemption of wealth management products during the reporting period was RMB 7.38 million[85]. - The company has invested in various wealth management products, including a principal-protected product with a yield of 4.50% and a duration of 363 days, amounting to RMB 20 million[85]. - The company has also invested RMB 2.5 million in a structured deposit with a floating yield of 3.20% linked to USD/JPY exchange rates[85]. Shareholder Information - The company has 18,727 ordinary shareholders as of the end of the reporting period[117]. - The top shareholder, Kong Lingang, holds 30,081,462 shares, representing 12.98% of the total shares[119]. - The company has committed to not reducing its shareholding within 36 months post-IPO, with a limit of 25% of total shares held per year during employment[98]. - The company’s actual controllers have pledged to avoid engaging in any business that competes directly or indirectly with the company[100]. Environmental and Social Responsibility - The company has maintained a strong commitment to environmental protection, generating no industrial waste or pollutants during its operations[94]. - The company has been actively involved in rural revitalization projects, investing nearly RMB 2 million to support poverty alleviation for 1,249 individuals in Yunnan Province[95].