Apex(SH:603383)2021-08-19 16:00Financial Performance - The company reported a total revenue of 100 million RMB for the first half of 2021, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders was 20 million RMB, an increase of 10% compared to the same period last year[15]. - The company's operating revenue for the first half of the year reached ¥196,365,261.66, representing a 43.71% increase compared to the same period last year[20]. - Net profit attributable to shareholders was ¥43,740,064.74, up 25.10% year-over-year[20]. - The net profit after deducting non-recurring gains and losses was ¥34,587,910.65, reflecting a 36.79% increase from the previous year[20]. - The basic earnings per share increased to ¥0.2600, a rise of 24.40% compared to the same period last year[20]. - The company reported a significant increase in other income, which rose by 46.69% to ¥10,192,510.46, primarily due to increased VAT refunds[44]. - The total comprehensive income for the period reached CNY 75,449,668.78, compared to CNY 33,120,875.02 in the same period last year, reflecting a significant increase[112]. - The net profit for the first half of 2021 was CNY 75,449,668.78, compared to CNY 33,120,875.02 in the same period last year, indicating a growth of about 127.8%[111]. Market Expansion and Product Development - User data showed a growth of 25% in active users, reaching 1 million by the end of June 2021[15]. - The company plans to launch two new products in Q3 2021, aiming to capture an additional 5% market share in the financial software sector[15]. - The company is expanding its market presence in Southeast Asia, targeting a 10% increase in regional sales by the end of 2021[15]. - The company has launched the "W5" intelligent wealth management platform in collaboration with Beifa Technology, enhancing digital upgrades for wealth management institutions[30]. - The A5 core trading system has been fully launched at Dongwu Securities for one year, with ongoing installations at multiple brokerages[30]. - The company has expanded its client base in the large asset management sector, adding multiple clients from funds, asset management, and insurance[30]. Research and Development - Research and development expenses increased by 30% to 15 million RMB, focusing on enhancing the LiveBOS platform capabilities[15]. - The company has increased its investment in data business R&D, improving data platform construction and enhancing data application scenarios across various financial sectors[30]. - Research and development expenses rose by 43.08% to ¥55,669,553.23, reflecting increased investment in R&D[44]. - Research and development expenses amounted to ¥55,669,553.23 in the first half of 2021, compared to ¥38,908,155.23 in the previous year, marking a rise of about 43.1%[103]. Financial Position and Cash Flow - The total assets at the end of the reporting period were ¥1,364,190,860.16, down 7.87% from the end of the previous year[20]. - The net cash flow from operating activities was negative at -¥115,176,641.24, worsening from -¥77,650,436.08 in the previous year[20]. - Total current assets decreased to CNY 1,175,405,983.48 as of June 30, 2021, down from CNY 1,332,718,586.92 on December 31, 2020, representing a decline of approximately 11.8%[97]. - The company reported a total cash outflow from operating activities of 241,454,934.12 RMB, significantly higher than 115,088,150.38 RMB in the previous year[118]. - The total cash inflow from operating activities was 111,571,344.62 RMB, slightly up from 105,542,992.28 RMB year-over-year[118]. Risks and Challenges - The company has identified potential risks related to regulatory changes in the fintech sector, which may impact future growth[15]. - The company faces risks from intensified industry competition, technological advancements, and human resource challenges due to the rapid growth of financial IT[50][51][52]. Corporate Governance and Shareholder Information - The company held its 2020 annual shareholders' meeting on May 13, 2021, where several key reports were approved, including the 2020 financial settlement report[56]. - The company did not distribute dividends or bonus shares for the reporting period, with a payout of 0 per 10 shares[61]. - The company underwent a board and supervisory committee election, appointing new independent and non-independent directors on May 13, 2021[60]. - The total number of ordinary shareholders at the end of the reporting period was 21,518[88]. - The largest shareholder, Yan Mengyu, held 35,887,614 shares, representing 21.33% of the total shares[90]. Environmental and Social Responsibility - The company emphasized its commitment to environmental protection, stating that it is not classified as a key pollutant discharge unit and has not faced any administrative penalties for environmental issues during the reporting period[65]. - The company has implemented measures to enhance energy efficiency and reduce consumption in its daily operations[65]. Future Outlook - Future guidance indicates an expected revenue growth of 20% for the full year 2021, driven by increased demand for digital financial solutions[15]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[152].