SHCD(SH:603887)2021-08-26 16:00Financial Performance - The company reported a total revenue of 1.5 billion CNY for the first half of 2021, representing a year-on-year increase of 20%[13]. - The company has set a revenue guidance of 3 billion CNY for the full year 2021, indicating a growth target of 25% compared to 2020[13]. - The company's operating revenue for the first half of the year was CNY 1,249,626,794.11, a decrease of 19.83% compared to the same period last year[21]. - The net profit attributable to shareholders for the first half of the year was CNY 104,781,194.47, down 43.80% year-on-year[21]. - The basic earnings per share for the first half of the year was CNY 0.23, a decline of 43.90% compared to CNY 0.41 in the same period last year[23]. - The company's total revenue for the first half of 2021 was approximately CNY 1.25 billion, a decrease of 19.83% compared to the same period last year[54]. - The operating costs for the same period were approximately CNY 942 million, reflecting a decrease of 19.98% year-on-year[54]. - The company reported a net cash flow from operating activities of -CNY 300,949,460.48, an increase in outflow of 19.48% compared to the previous year[21]. - The company reported a significant increase in cash received from sales of goods and services, reaching CNY 1,588,124,932.22, up from CNY 1,052,461,863.60 in the previous year[135]. User Growth and Market Expansion - User data showed an increase in active users by 15%, reaching 2 million active users by the end of June 2021[13]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[13]. - New product launches in the cloud computing sector contributed to a 30% increase in service subscriptions[13]. Research and Development - Research and development expenses increased by 18%, focusing on artificial intelligence and big data technologies[13]. - The company has applied for a total of 27 patents during the reporting period, including 10 invention patents, 10 utility model patents, and 7 design patents[42]. - The company’s research and development expenses increased by 4.36% to approximately CNY 39.59 million, indicating a commitment to innovation[54]. Financial Position and Assets - The company's total assets decreased by 2.92% to CNY 8,334,518,557.63 compared to the end of the previous year[22]. - The company's total liabilities decreased from CNY 4,529,434,529.15 in December 2020 to CNY 4,211,016,507.51 in June 2021, representing a reduction of approximately 7%[123]. - The total equity increased from CNY 4,056,118,065.74 in December 2020 to CNY 4,123,502,050.12 in June 2021, reflecting an increase of about 1.65%[123]. - The company's cash and cash equivalents decreased from RMB 2,242,217,007.11 at the end of 2020 to RMB 1,778,034,632.02 by June 30, 2021[122]. Risk Management - There are no significant risks reported that could impact the company's financial performance[7]. - The company faces risks from the normalization of the pandemic, which may disrupt market conditions and affect the delivery cycle[62]. - The company has implemented a regional responsibility system to enhance operational efficiency and mitigate risks associated with the real estate sector[51]. Corporate Governance - The board of directors confirmed the accuracy and completeness of the financial report, ensuring no misleading statements[6]. - The company has not proposed any profit distribution plan for the reporting period[4]. - The company has no non-operating fund occupation by controlling shareholders or related parties[5]. Environmental and Social Responsibility - The company is focusing on energy-saving and emission-reduction technologies, particularly in data center and 5G macro station operations, aiming to lower the Power Usage Effectiveness (PUE) level[40]. - The company has engaged in community support initiatives, including signing a partnership agreement for rural revitalization[76]. - Xiangjiang Technology has donated 1.5 million yuan to local charities during the reporting period, contributing to social welfare and poverty alleviation efforts[75]. Shareholder Information - The total number of shares increased from 375,580,271 to 450,705,059, representing a growth of 20%[94]. - The company distributed a cash dividend of 1.00 yuan per 10 shares and issued 2 additional shares for every 10 shares held, resulting in a total increase of 75,117,469 shares[95]. - The largest shareholder, Sha Zhengyong, increased his holdings to 49,818,710 shares, representing a significant increase due to major asset restructuring[98]. Debt and Financing - The company plans to issue convertible bonds with a total fundraising amount not exceeding RMB 1.2 billion[108]. - The company's debt-to-asset ratio as of June 30, 2021, is 50.53%[119]. - The total liabilities at the end of the reporting period were CNY 1,173,433,480.00, reflecting a stable financial position[142]. Accounting and Financial Reporting - The company's financial statements were approved by management on August 27, 2021[147]. - The preparation of consolidated financial statements is based on the financial statements of the parent company and its subsidiaries, in accordance with the relevant accounting standards[161]. - The company recognizes financial assets when it becomes a party to the financial instrument contract, with regular way trades recognized on the trade date[165].