INLY(SH:603598)2020-08-17 16:00Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,969,016,889.61, representing a 76.71% increase compared to CNY 1,114,295,546.31 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 27,438,336.54, a slight decrease of 0.5% from CNY 27,577,016.37 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 18,108,791.18, down 24.15% from CNY 23,874,133.51 in the same period last year[20]. - The company reported an operating profit of 33.78 million RMB, a 5.85% increase compared to the same period last year[47]. - The company achieved investment income of CNY 41,102,552.64, a significant increase from CNY 9,904,618.15 in the same period of 2019[111]. - The total comprehensive income attributable to the parent company was CNY 27,438,336.54, slightly down from CNY 27,577,016.37 in the previous year[110]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -71,303,332.70, a significant decline of 473.66% compared to CNY 19,082,444.34 in the previous year[20]. - The company's cash and cash equivalents decreased by RMB 106.17 million, a decline of 31.36%, primarily due to changes in business and customer structures[34]. - The company's cash flow from operating activities showed a net outflow of CNY 71,303,332.70, compared to a net inflow of CNY 19,082,444.34 in the first half of 2019[114]. - Cash inflow from operating activities totaled 715,465,755.88 RMB in H1 2020, a significant increase of 128% from 312,700,788.60 RMB in H1 2019[117]. - The cash outflow from operating activities increased to 730,819,955.80 RMB in H1 2020, compared to 235,544,477.25 RMB in H1 2019, marking an increase of approximately 210%[117]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,616,999,499.81, showing a slight decrease of 0.01% from CNY 1,617,181,376.62 at the end of the previous year[20]. - The company's total liabilities decreased to CNY 1,240,999,867.61 from CNY 1,268,597,168.40, indicating a reduction of about 2.2%[102]. - The equity attributable to shareholders rose to CNY 376,216,053.55 from CNY 348,777,717.01, reflecting an increase of approximately 7.9%[102]. - The company's current assets totaled CNY 1,243,930,014.04, showing a marginal increase from CNY 1,243,250,661.62 in the previous year[100]. - The company reported a significant increase in accounts receivable, which rose to ¥319,568,933.33 from ¥211,318,335.96, an increase of approximately 51.2%[105]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 38,863[86]. - The largest shareholder, 罗衍记, holds 124,700,000 shares, accounting for 46.08% of total shares[89]. - The second-largest shareholder, 北京合众创世管理咨询有限公司, holds 20,000,000 shares, representing 7.39%[89]. Marketing and Business Strategy - The company serves over 500 domestic and international brand enterprises, maintaining long-term relationships with many clients[26]. - The company has established partnerships with major internet platforms, enhancing its effectiveness in performance marketing[28]. - The short video marketing segment has been prioritized, leveraging rich customer resources and media partnerships[29]. - The company offers diverse e-commerce operational strategies, including data insights and consumer asset management[30]. - The company has launched a subsidiary focused on e-commerce data-driven marketing solutions, aiming to better serve rapidly growing e-commerce brands[49]. Research and Development - The company has developed 86 software copyrights related to big data and artificial intelligence, supporting its innovative marketing initiatives[41]. - Research and development expenses for the first half of 2020 were ¥6,459,581.61, down from ¥10,172,453.90 in the first half of 2019, indicating a decrease of about 36.0%[109]. Regulatory and Compliance - The company has not provided guarantees in violation of regulatory decision-making procedures[7]. - The report includes a risk statement regarding forward-looking statements and potential risks faced by the company[5]. - The company reported a commitment to reduce related party transactions as much as possible, ensuring compliance with relevant laws and regulations[71]. Accounting Policies - The financial statements comply with the requirements of the accounting standards, reflecting the company's financial position and operating results accurately[138]. - The company has implemented changes to its accounting policies, specifically adopting the new revenue recognition and leasing standards starting from January 1, 2020[199]. - The company recognizes revenue from product sales when the ownership risks and rewards are transferred to the buyer, and the amount can be reliably measured[187].