Seeyon(SH:688369)2021-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2021 was RMB 365,425,953.50, representing a 45.22% increase compared to RMB 251,630,409.43 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was RMB 44,530,519.11, a 12.95% increase from RMB 39,424,434.76 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 43,744,106.05, showing a significant increase of 62.58% compared to RMB 26,905,890.58 in the same period last year[19]. - Basic earnings per share were 0.58 yuan, an increase of 13.73% from the previous year[20]. - The weighted average return on net assets increased to 3.31%, up 0.15 percentage points from the previous year[20]. - The company reported a significant increase in basic earnings per share after excluding non-recurring gains and losses, reaching 0.57 yuan, a 62.86% increase year-on-year[20]. - The company achieved operating revenue of 365.43 million yuan, an increase of 45.22% compared to the same period last year[20]. - Net profit attributable to shareholders reached 44.53 million yuan, up 12.95% year-on-year[20]. Research and Development - The R&D investment accounted for 19.42% of operating revenue, an increase of 3.13 percentage points compared to the same period last year[20]. - Research and development investment for the first half of 2021 amounted to 70.95 million yuan, a significant increase of 73.09% compared to 40.99 million yuan in the same period of 2020[58]. - The number of R&D personnel increased to 471, accounting for 21.08% of the total workforce, up from 20.78% in the previous period[65]. - Total R&D personnel compensation reached 6,255.02 million RMB, with an average salary of 13.28 million RMB, compared to 3,892.91 million RMB and 11.12 million RMB respectively in the prior period[65]. - The company is focusing on the development of the next-generation collaborative management technology platform V8, utilizing cloud-native and microservices architecture[28]. - The new generation collaborative management technology platform V8 has made significant progress, adopting cloud-native and microservices architecture to meet the digital transformation needs of medium to large enterprises[60]. Cash Flow and Assets - The net cash flow from operating activities was negative at RMB -135,464,788.41, compared to RMB -104,613,544.72 in the previous year, indicating a decline in cash flow[19]. - The company's cash and cash equivalents decreased by 30.37% to CNY 1,095,051,673.30 from CNY 1,572,641,056.25, primarily due to investments in financial products and payments for construction projects[91]. - The total assets decreased by 5.54% to RMB 1,739,908,462.66 from RMB 1,841,894,055.31 at the end of the previous year[19]. - The company's total current assets decreased to RMB 1,520,102,697.75 from RMB 1,765,614,997.92, reflecting a reduction of about 13.9%[149]. - The cash and cash equivalents decreased significantly from RMB 1,572,641,056.25 to RMB 1,095,051,673.30, a decline of approximately 30.3%[148]. - The accounts receivable increased to RMB 149,155,085.25 from RMB 121,003,138.51, marking an increase of about 23.3%[148]. Market Position and Strategy - The company is developing a new collaborative management technology platform, V8, aimed at enhancing its product offerings[11]. - The company continues to focus on expanding its market presence and enhancing its product capabilities through innovative solutions[11]. - The company has outlined its strategic plan for the seventh three-year period (2020-2022), focusing on growth and innovation[11]. - The domestic collaborative office market size is projected to reach 80.6 billion yuan by 2023, growing from 55.4 billion yuan in 2021[44]. - The company holds a 27.2% market share in the traditional deployment model, ranking first in the collaborative management software market[46]. - The company has over 40,000 enterprise and government clients across various industries, establishing a solid competitive foundation[46]. Operational Risks and Challenges - The company is facing operational risks related to the seasonal fluctuations in business performance, particularly in the first quarter due to budget planning processes[83]. - The competitive landscape in the collaborative management software market is intensifying, posing risks to the company's market position if it fails to adapt to changes[84]. - The ongoing uncertainties related to the COVID-19 pandemic may impact the company's downstream industry budgets, affecting contract signings and cash collections[85]. Shareholder and Governance - The company held its first temporary shareholders' meeting on January 27, 2021, where all proposals were approved without any rejections[100]. - The company appointed Yang Pingyong and Xu Jingfeng as new directors during the reporting period, following the resignation of Li Xiaolong and Dong Yanshan[102][103]. - The company has no plans for profit distribution or capital reserve transfer during the half-year period[105]. - The company has granted 982,000 restricted stocks to 128 incentive objects at a price of 30.00 RMB per share[106]. - The company has committed to not transferring or entrusting the management of its shares for 36 months post-IPO[112]. Compliance and Legal Matters - There are no significant litigation or arbitration matters reported during the reporting period[126]. - The company has not faced any non-standard audit opinions or issues related to bankruptcy restructuring in the reporting period[126]. - The company guarantees compliance with laws and regulations regarding social security and housing fund contributions, assuming responsibility for any penalties incurred[124]. - The company has committed to not seeking control over the issuer within 36 months following the initial public offering[124]. Investment and Projects - The total amount of raised funds is RMB 840,646,046.47, with RMB 109,245,782.47 invested in the current year[131]. - The project "New Generation Collaborative Management Software Optimization Upgrade" and "Collaborative Cloud Application Service Platform Construction" have been delayed, with the expected completion date adjusted from October 2021 to October 2022[131]. - The investment project "Collaborative Cloud Application Service Platform" has a completion progress of 36.22%[131]. - The investment project "Marketing Service Platform Optimization Expansion" has a completion progress of 60.08%[131].