Seeyon(SH:688369)2023-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2023 was RMB 478,817,847.23, representing a 13.14% increase compared to RMB 423,225,908.47 in the same period last year[17]. - The net profit attributable to shareholders of the listed company decreased by 38.81% to RMB 20,500,011.08 from RMB 33,501,224.85 year-on-year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 40.63% to RMB 17,905,586.54 compared to RMB 30,160,984.13 in the previous year[17]. - The net cash flow from operating activities was negative at RMB -183,595,412.25, an improvement from RMB -214,824,919.10 in the previous year[17]. - The weighted average return on equity decreased to 1.40%, down 0.90 percentage points from the previous year[18]. - Basic earnings per share were 0.25 yuan, down 41.86% compared to the same period last year[20]. - The company reported a net profit of 17.91 million yuan after deducting non-recurring gains and losses, a decrease of 40.63% year-on-year[18]. - The company reported a net loss of ¥290,250.63 for the first half of 2023, compared to a net profit of ¥16,240,833.60 in the same period of 2022[162]. Research and Development - R&D expenditure reached 117.28 million yuan, a year-on-year increase of 21.01%, accounting for 24.49% of operating revenue, up 1.59 percentage points[18][20]. - The company achieved a total R&D investment of ¥117,278,817.59, representing a year-on-year increase of 21.01% compared to ¥96,913,221.09 in the same period last year[50]. - The company applied for a total of 23 new patents and software copyrights during the reporting period, with 19 approved, including 4 invention patents and 3 design patents[48]. - The company established an AI research center to enhance the intelligence of its COP platform and applications, promoting the "AI-COP" concept[63]. - Research and development expenses increased to CNY 111,390,532.85, representing a rise of 18.9% from CNY 93,672,363.71 in the previous year[166]. Market and Product Development - The digital economy is projected to reach a scale of over 60 trillion yuan by 2025, with software business revenue growing by 14.2% in the first half of 2023[26]. - The domestic collaborative office market is expected to grow from 55.4 billion yuan in 2021 to 80.6 billion yuan in 2023[26]. - The company focuses on enterprise-level collaborative management software, providing products, solutions, and cloud services, and is a leading provider in China[34]. - The company launched the new generation collaborative management technology platform COP-V8, which supports both large organizations' private cloud deployment and small organizations' SaaS online subscription models[56]. - The company is exploring potential mergers and acquisitions to enhance its market share and operational capabilities[177]. Financial Position - The net assets attributable to shareholders of the listed company increased by 1.23% to RMB 1,466,275,856.98 from RMB 1,448,456,357.67 at the end of the previous year[17]. - Total assets decreased by 6.18% to RMB 1,829,829,363.36 from RMB 1,950,457,729.87 at the end of the previous year[17]. - The total equity attributable to shareholders increased to ¥1,466,275,856.98 from ¥1,448,456,357.67, reflecting a growth of about 1.2%[156]. - The total liabilities decreased to ¥344,308,077.24 from ¥483,646,667.79, showing a reduction of approximately 28.9%[156]. - The total assets decreased to ¥1,829,829,363.36 from ¥1,950,457,729.87, indicating a reduction of approximately 6.2%[156]. Risk Management - The company has outlined potential risks in the "Management Discussion and Analysis" section of the report, emphasizing the importance of investor awareness regarding these risks[4]. - The company faces risks related to seasonal fluctuations in operating performance, particularly in the first quarter due to budget planning cycles[71]. - The company plans to strengthen its marketing team and improve service quality to mitigate operational risks associated with its cloud services[73]. Environmental Commitment - The company does not engage in production activities that cause environmental pollution, as it operates in the software development and sales sector[96]. - The company actively promotes low-carbon practices and has implemented a paperless office initiative to reduce carbon emissions[99]. - The company has signed an ecological cooperation agreement with JD Technology to enhance digital agriculture and rural governance[100]. - The company is committed to the national "dual carbon" policy and encourages employees to adopt low-carbon lifestyles[99]. Shareholder and Governance Matters - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital during this reporting period[5]. - The company will ensure that any unfulfilled commitments regarding share reductions will result in the proceeds being returned to the company[108]. - The company will adhere to legal requirements for share reductions, including methods such as centralized bidding and block trading[108]. - The company’s actual controller is Xu Shi, ensuring a clear governance structure[191]. - The company has committed to maintaining the effectiveness of these agreements despite any changes in identity or position of the individuals involved[105].