ZTGM(SH:603559)2021-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥194,695,790.87, a decrease of 10.20% compared to ¥216,803,116.88 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2021 was -¥27,617,020.86, compared to -¥16,810,462.69 in the previous year, indicating a worsening financial performance[18]. - The basic earnings per share for the first half of 2021 was -¥0.19, compared to -¥0.12 in the same period last year[19]. - The weighted average return on net assets was -3.20%, a decrease of 1.27 percentage points from -1.93% in the previous year[19]. - The net cash flow from operating activities was -¥52,808,686.99, an improvement from -¥117,471,479.48 in the same period last year[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,823,366,252.20, down 1.77% from ¥1,856,274,923.84 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 3.00% to ¥850,242,224.19 from ¥876,549,385.28 at the end of the previous year[18]. - Total liabilities as of June 30, 2021, were ¥977,625,779.21, slightly down from ¥983,896,886.18 as of December 31, 2020[91]. - The company's total equity decreased to CNY 738,043,940.73 from CNY 768,653,717.00, a decline of 4.0%[96]. Industry Overview - The overall development environment for the company has become more challenging due to increased macroeconomic pressures and reduced investment from traditional operators[19]. - In the first half of 2021, the telecommunications industry achieved a total revenue of CNY 753.3 billion, representing a year-on-year growth of 8.7%[24]. - The three major telecommunications companies generated fixed data and internet service revenue of CNY 129.4 billion, up 12.6% year-on-year, accounting for 17.2% of total telecom revenue[25]. User Metrics - As of June 30, 2021, the total number of mobile phone users reached 1.614 billion, with a net increase of 19.85 million users since the end of the previous year[26]. - The number of 5G mobile terminal connections reached 365 million, with a net increase of 166 million since the end of the previous year[26]. - Fixed internet broadband users totaled 510 million, with a net increase of 26.06 million users since the end of the previous year[26]. Cost Management - Operating costs decreased by 9.17% to ¥168.99 million from ¥186.05 million year-on-year[40]. - Research and development expenses significantly reduced by 44.93% to ¥2.99 million from ¥5.42 million in the previous year[40]. - The company plans to reduce operational costs by 10% through efficiency improvements and cost-cutting measures[66]. Strategic Initiatives - The company aims to expand its private cloud leasing and cabinet leasing services, leveraging its 24/7 operational capabilities to create new business growth points[35]. - The company plans to strengthen its market development efforts in key regions and explore new business opportunities in emerging markets[37]. - The company is actively seeking partners for data center construction to establish its own brand of data centers[36]. Risk Management - The company has identified operational risks related to insufficient market research for new business developments, which could lead to missed opportunities[47]. - The company will continue to improve its risk management framework and enhance the capabilities of its risk control committee to address potential risks effectively[47]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,939[78]. - The top ten shareholders held a total of 29,000,000 shares, representing 20.5% of the total share capital[80]. - Wang Shichao reduced his holdings by 340,000 shares, holding a total of 7,448,300 shares, which is 5.20% of the total[80]. Corporate Governance - The company has experienced changes in its board of directors, with the appointment of Zhao Weiping as the new board secretary[51]. - The company has completed the election of a new employee supervisor following the resignation of the previous supervisor due to personal reasons[52]. Future Outlook - The company provided a future outlook, projecting a revenue growth of 15% for the next quarter, aiming for 1.725 billion yuan[64]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million yuan allocated for potential deals[63]. Financial Reporting - The financial statements are prepared in accordance with the accounting standards set by the Ministry of Finance, reflecting the company's financial status and operational results accurately[138]. - The company reported a total revenue of 30,000,000,000 with a net profit of 6,588,400,000, representing a profit margin of approximately 21.96%[45]. Compliance and Legal Matters - The company did not have any major litigation or arbitration matters during the reporting period[73]. - There were no significant non-operating fund occupations by controlling shareholders or related parties[72].