NETSUN(SZ:002095)2021-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥284,661,799.09, representing a 90.94% increase compared to ¥149,085,414.07 in the same period last year[18]. - The net profit attributable to shareholders was ¥11,421,758.23, a decrease of 14.32% from ¥13,330,842.24 year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8,818,361.50, down 32.75% from ¥13,112,091.98 in the previous year[18]. - The total operating revenue for the first half of 2021 reached ¥292,143,614.27, a significant increase of 90.0% compared to ¥153,994,207.40 in the same period of 2020[111]. - Net profit for the first half of 2021 was ¥14,171,774.77, down 11.4% from ¥15,987,748.76 in the first half of 2020[113]. - The company's operating profit decreased to ¥17,585,767.51, a decline of 11.8% from ¥19,949,564.82 in the previous year[113]. - The total comprehensive income for the first half of 2021 was ¥13,951,475.27, down from ¥16,084,903.54 in the first half of 2020[114]. - The company reported a significant reduction in short-term borrowings, decreasing to CNY 16,447,297.18 from CNY 55,189,223.62, a decline of about 70.2%[105]. Cash Flow - The net cash flow from operating activities was -¥57,787,937.88, a significant decline of 1,079.82% compared to ¥5,897,840.44 in the same period last year[18]. - The company reported a net cash flow from operating activities of -¥57,787,937.88, a significant decline of 1,079.82% compared to the previous year[33]. - Investment activities generated a net cash flow of ¥64,079,420.93, a 196.76% increase from -¥66,223,553.65 in the previous period[34]. - The net cash flow from investing activities improved to ¥64,079,420.93, compared to -¥66,223,553.65 in the same period of 2020[122]. - The net cash flow from financing activities was -42,006,155.74 RMB, down from 9,217,907.60 RMB in the first half of 2020[122]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,567,843,215.68, a decrease of 4.13% from ¥1,635,342,463.76 at the end of the previous year[18]. - The total liabilities decreased to CNY 386,338,908.75 from CNY 467,787,396.54, indicating a decrease of approximately 17.4%[105]. - The total equity attributable to shareholders increased slightly to CNY 922,648,062.00 from CNY 911,446,603.27, reflecting a growth of approximately 1.3%[106]. - The total assets of the company at the end of the first half of 2021 were reported at 6,603 million yuan, demonstrating growth in asset management[127]. - The total liabilities at the end of the first half of 2021 were 5,422 million yuan, indicating a manageable debt level[127]. Business Strategy and Development - The company is focused on developing a closed-loop B2B e-commerce trading platform, leveraging industry big data to provide transaction, financial, and logistics services[26]. - The company plans to accelerate the construction of its industrial internet infrastructure and provide transformation services for traditional enterprises[30]. - The company is focusing on developing online supply chain financial services to support local core enterprises and SMEs[29]. - The company plans to strengthen cooperation with traditional markets and regional industrial clusters to enhance marketing for high-quality clients[51]. - The company aims to enhance its technological capabilities through ongoing research and development initiatives[128]. - The company is focusing on strategic mergers and acquisitions to strengthen its market position and drive future growth[128]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 33,418[89]. - Zhejiang Wangsheng Investment Management Co., Ltd. holds 45.77% of the shares, totaling 115,662,511 ordinary shares[89]. - The total number of shares after the recent changes is 252,720,000, with 99.59% being unrestricted shares[87]. - The company has not undergone any changes in controlling shareholders during the reporting period[92]. - The company did not distribute cash dividends or issue bonus shares for the half-year period[56]. Risk Management - The company faces risks related to the business environment, particularly if credit risks for small and medium enterprises increase, which could negatively impact financial and traditional e-commerce services[51]. - The company aims to improve its risk management strategies to safeguard against market volatility[134]. Compliance and Governance - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial statements reflect the true financial condition and operating results[147]. - The company has confirmed its ability to continue as a going concern for at least 12 months from the reporting date[146]. - The company has not reported any significant litigation or arbitration matters during the reporting period[69]. - The company has no major environmental issues or administrative penalties related to environmental protection during the reporting period[60]. Research and Development - Research and development expenses were ¥5,736,231.43, slightly down from ¥6,870,422.71 in the first half of 2020[113]. - The company has allocated resources for research and development to innovate new products and services[134].