WISCOM(SZ:002090)2021-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥737,722,760.55, representing an increase of 11.86% compared to the same period last year[21]. - The net profit attributable to shareholders was ¥40,975,831.76, a significant increase of 123.59% year-on-year[21]. - Basic earnings per share rose to ¥0.1035, reflecting an increase of 128.48% from the previous year[21]. - The company achieved a revenue of 738 million yuan, representing a year-on-year growth of 11.86%[40]. - The net profit attributable to shareholders reached 40.98 million yuan, with a significant year-on-year increase of 123.59%[40]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 13.02 million yuan, reflecting a year-on-year growth of 21.94%[40]. - The company's revenue for the reporting period was approximately ¥737.72 million, representing an increase of 11.86% compared to ¥659.53 million in the same period last year[48]. - The company's operating costs increased by 16.83% to ¥555.80 million from ¥475.74 million year-on-year[48]. - The company reported a net cash flow from investment activities of approximately ¥702.26 million, a significant increase of 391.36% compared to a negative cash flow of ¥241.03 million in the previous year[48]. - The company’s financial expenses decreased by 61.02% to ¥8.88 million, primarily due to reduced interest expenses[48]. - The company reported a net cash flow from financing activities of -¥678.37 million, a decrease of 2,037.47% compared to a positive cash flow of ¥35.01 million in the previous year[48]. - The total revenue for the reporting period was ¥737,722,760.55, representing an increase of 11.86% compared to ¥659,531,447.99 in the same period last year[51]. - The Smart Energy segment generated revenue of ¥309,271,037.04, up 28.33% from ¥240,988,619.85, while the Smart City segment saw a modest increase of 1.77% to ¥424,732,485.23[51]. - The revenue from the Electric Power Design and Integrated Operation and Maintenance segment decreased by 35.72% to ¥12,082,696.05, attributed to a reduction in the scale of electric power design business[53]. - The New Energy Power Generation segment's revenue plummeted by 67.14% to ¥10,883,322.26, primarily due to the transfer of 98.5% equity in Qian New Energy, which is no longer included in the consolidated financial statements[53]. - The company's gross profit margin for the Smart Energy segment was 32.96%, down 7.45% year-on-year, while the Smart City segment's gross margin decreased by 2.46% to 44.38%[52]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,419,570,843.14, a decrease of 30.56% from the end of the previous year[21]. - The net assets attributable to shareholders decreased by 14.11% to ¥1,150,942,649.68[21]. - The company's cash and cash equivalents decreased to ¥376,254,187.22, representing 15.55% of total assets, down from 17.00%[57]. - Accounts receivable decreased to ¥824,991,784.99, accounting for 34.10% of total assets, primarily due to the exclusion of Qian New Energy and Qianhua Technology from the consolidated financial statements[57]. - The company's total liabilities were CNY 1,210,893,108.44, down from CNY 2,087,622,756.24, indicating a decrease of about 42%[135]. - The total equity remained stable at CNY 404,264,936.00, unchanged from the previous reporting period[135]. - The company's total assets decreased to CNY 1.46 billion as of June 30, 2021, down from CNY 2.19 billion at the end of 2020, a decline of 33.33%[139]. - The company's total liabilities decreased to CNY 513.61 million, down from CNY 1.06 billion at the end of 2020, a reduction of 51.60%[140]. - The equity attributable to shareholders of the parent company was CNY 948.27 million, down from CNY 1.13 billion at the end of 2020, a decrease of 16.36%[140]. Research and Development - The company has over 300 dedicated R&D personnel and holds more than 120 patents and 260 software copyrights[36]. - Research and development investment rose by 11.67% to ¥65.93 million, up from ¥59.04 million in the previous year[48]. - Research and development expenses for the first half of 2021 were CNY 65.93 million, an increase of 11.93% compared to CNY 59.04 million in the first half of 2020[141]. - Research and development expenses rose to CNY 26.48 million, a 35.9% increase from CNY 19.49 million in the first half of 2020, indicating a focus on innovation[146]. Strategic Initiatives - The company is actively exploring the integration of its smart energy and smart city business segments[28]. - The company is actively exploring opportunities related to "carbon peak" and "carbon neutrality," focusing on low-carbon park construction and zero-carbon building projects[32]. - The company aims to integrate its smart energy and smart city businesses, leveraging advancements in automation and information technology[32]. - The company has developed a full range of solutions in smart power generation, transmission, distribution, and integrated operation and maintenance services[32]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[159]. - The company aims to leverage technological advancements in its new product lines to improve market competitiveness[159]. Shareholder and Equity Information - The company does not plan to distribute cash dividends or issue bonus shares for this reporting period[6]. - The company has implemented a share repurchase plan, accumulating 192 million yuan for future equity incentives or employee stock ownership plans[35]. - The first employee stock ownership plan holds 4,800,000 shares, accounting for 1.187% of the total share capital of 404,264,936 shares[79]. - The company completed a share buyback of 23,787,865 shares, accounting for 5.88% of the total share capital, with a total transaction amount of approximately 191.97 million yuan[120]. - Jiangsu Jinzhi Group holds 36.72% of the company's shares, with 75.88 million shares pledged[122]. - The company reported a profit distribution to shareholders of 6,623,000 yuan, which is a decrease of 10.10% compared to the previous period[164]. Risk Management - The company faces risks from market competition due to the rapid increase in industry peers and product/service homogenization[70]. - The company is implementing measures to manage accounts receivable risks, including strict project selection and enhancing collection efforts[72]. - The company is closely monitoring macroeconomic conditions and industry policies to mitigate risks from economic uncertainties and policy adjustments[73]. Compliance and Governance - The semi-annual financial report has not been audited[91]. - The company has no violations related to external guarantees during the reporting period[90]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[92]. - The company reported no significant litigation or arbitration matters during the reporting period[93]. - There were no penalties or rectification situations reported for the company during the reporting period[94]. - The company has no significant related party transactions involving asset or equity acquisitions or sales during the reporting period[96]. Investment and Income - The company reported an investment income of ¥29,375,188.30, mainly from the transfer of Qian New Energy and bank financial product returns[55]. - The company reported an investment income of CNY 29.38 million for the first half of 2021, compared to CNY 12.18 million in the same period of 2020[141]. - The company has invested in a total of 800 kWp rooftop photovoltaic power stations to achieve partial self-sufficiency in electricity[82]. - The company plans to donate a total of RMB 10 million to Southeast University over five years to establish the "Jinzhi Technology Innovation Fund" focusing on carbon neutrality and new energy[85].