Apex(SH:603383)2020-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2020 was ¥136,636,150.81, a decrease of 6.99% compared to ¥146,902,974.08 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was ¥34,965,465.59, down 3.30% from ¥36,159,815.21 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥25,284,730.27, a decrease of 8.64% compared to ¥27,676,217.62 in the same period last year[21]. - The company's total assets decreased by 5.32% to ¥1,260,820,800.40 from ¥1,331,629,380.90 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company were ¥1,089,061,021.90, down 3.35% from ¥1,126,864,529.97 at the end of the previous year[21]. - Basic earnings per share for the first half of 2020 were ¥0.2090, a decrease of 3.86% from ¥0.2174 in the same period last year[22]. - The diluted earnings per share were ¥0.2078, down 3.30% from ¥0.2149 in the previous year[22]. - The weighted average return on net assets was 3.06%, a decrease of 0.37 percentage points compared to 3.43% in the same period last year[22]. - The company reported a net cash flow from operating activities of -¥77,650,436.08, compared to -¥79,442,373.97 in the same period last year, indicating a slight improvement[21]. - The company achieved total revenue of 136.64 million yuan, a decrease of 6.99% compared to the same period last year[35]. - Net profit attributable to shareholders was 34.97 million yuan, down 3.30% year-on-year[35]. Research and Development - Research and development expenses increased by 8.74% to 38,908,155.23, indicating continued investment in innovation[42]. - The company is actively pursuing innovation in product development, which has led to reduced project implementation costs and shorter timelines for clients[33]. - Research and development expenses for the first half of 2020 were RMB 38,908,155.23, an increase from RMB 35,782,279.54 in the same period of 2019, indicating a focus on innovation[120]. - Research and development expenses rose to CNY 27,347,036.60, up from CNY 23,352,530.15, marking an increase of about 17.69%[126]. Market Expansion and Client Development - The company is focused on expanding its market presence by continuously developing new clients and business opportunities in both financial and non-financial sectors[29]. - The company has a strong customer base in the securities industry, leveraging years of experience to offer leading products and services across various financial sectors[33]. - The company expanded its service offerings in the securities industry, covering various business areas including retail, wealth management, and institutional services[35]. - In the futures industry, the company completed upgrades to multiple systems, enhancing digital transformation for futures companies and acquiring new clients such as Guangzhou Futures and Zhonghang Futures[38]. - The company continued to grow its non-securities financial information services, securing new projects with multiple trading centers and banks[38]. Financial Management and Shareholder Returns - The company has committed to a lock-up period of 36 months for major shareholders, during which they will not transfer or delegate management of their shares[62]. - The company prioritizes cash dividends in its profit distribution policy, distributing profits in cash after covering losses and allocating statutory reserves[65]. - The company has a clear plan for cash distribution, ensuring that dividends are paid from distributable profits[65]. - The company distributed cash dividends totaling CNY 60,092,620 and increased capital by issuing 48,074,096 shares in June 2020[89]. - The company allocated 60,106,900.00 RMB for profit distribution to shareholders, reflecting its commitment to returning value to investors[163]. Corporate Governance and Compliance - The company has established a corporate governance structure including a shareholders' meeting, board of directors, and supervisory board, with seven subsidiaries under its management[186]. - The company has a long-term commitment to maintain the integrity of its financial practices and protect minority shareholders' interests[65]. - The company has established a commitment to fair and equitable pricing in related party transactions, ensuring compliance with decision-making procedures[65]. - The company has not proposed any profit distribution or capital reserve increase for the half-year period[59]. Asset and Liability Management - The company's total assets decreased to RMB 1,302,447,083.40 from RMB 1,323,801,814.00, a reduction of 1.6%[120]. - Total liabilities increased to RMB 247,045,447.81 from RMB 230,748,059.23, representing a rise of 7.0%[120]. - The company's equity decreased to RMB 1,055,401,635.59 from RMB 1,093,053,754.77, a decline of 3.5%[120]. - The total owner's equity at the end of the period was ¥1,055,401,635.59[174]. Accounting and Reporting - The company has not disclosed any significant changes in accounting policies or estimates that would impact the financial results for the reporting period[84]. - The company implemented a new revenue recognition standard starting January 1, 2020, affecting the initial retained earnings and related financial statement items[84]. - The financial statements are prepared based on the principle of going concern, ensuring the company’s ability to continue its operations[190]. - The company adheres to accounting standards, ensuring that its financial reports accurately reflect its financial position and operating results[193].