TK(SZ:002117)2022-08-19 16:00Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥503.14 million, a decrease of 16.27% compared to ¥600.93 million in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2022 was approximately ¥78.02 million, down 13.41% from ¥90.10 million in the previous year[20]. - The net cash flow from operating activities was negative at approximately ¥134.15 million, worsening by 101.39% compared to a negative cash flow of ¥66.61 million in the same period last year[20]. - The total assets at the end of the reporting period were approximately ¥1.95 billion, a decrease of 11.69% from ¥2.21 billion at the end of the previous year[20]. - The company's total revenue for the reporting period was approximately ¥503.14 million, a decrease of 16.27% compared to ¥600.93 million in the previous year[35]. - The revenue from the printing industry was ¥394.26 million, accounting for 78.36% of total revenue, which represents a decline of 22.94% year-on-year[36]. - Revenue from technology services reached ¥85.87 million, showing a year-on-year growth of 11.84%[36]. - The gross margin for the printing industry was 38.56%, a slight increase of 1.13% compared to the previous year[37]. - The company reported a net cash flow from operating activities of approximately -¥134.15 million, a decrease of 101.39% compared to -¥66.61 million in the previous year[35]. - The total comprehensive income for the first half of 2022 was ¥78,586,698.61, down from ¥92,571,154.50 in the first half of 2021, a decrease of 15.1%[117]. Market Strategy and Development - The company plans to increase market development efforts in the second half of the year to mitigate the impact of market conditions on business[29]. - The company aims to continue exploring new business opportunities and expanding its market scale to stabilize the profitability of related products[30]. - The company plans to maintain its competitive advantage in the ticketing business by expanding market share and increasing product coverage[50]. - The company aims to mitigate rising raw material costs through centralized procurement and enhancing product quality to improve pricing power[50]. - The company has established 30 sales outlets across key cities in China, enhancing its market presence and customer service capabilities[33]. - The company has developed multiple new products in the electronic ticketing business, which have gained customer recognition and strengthened its competitive position[32]. - The company plans to expand its market presence by launching new products and enhancing its technological capabilities in the upcoming quarters[128]. - The company has initiated strategic partnerships to enhance its supply chain efficiency and reduce operational costs[128]. Research and Development - The company invested approximately ¥36.56 million in R&D, a decrease of 5.61% from ¥38.74 million in the previous year[35]. - Research and development expenses slightly decreased to ¥36,564,674.42 from ¥38,737,427.95, a reduction of 5.6%[114]. - The company has allocated 1.4 billion yuan for research and development in 2022, which is a 10% increase compared to the previous year[128]. - Research and development expenses increased to ¥17,644,298.42 in the first half of 2022, up from ¥15,438,028.38 in the same period of 2021, indicating a focus on innovation[116]. Environmental Responsibility - The company is committed to environmental responsibility, implementing measures to treat VOCs emissions from production processes[59]. - The company has established a comprehensive environmental impact assessment process, requiring approval from environmental authorities before commencing construction on production projects[60]. - During the reporting period, the company implemented its self-monitoring plan for pollutants, which was approved by local environmental authorities[61]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[61]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,526, with no preferred shareholders[92]. - The largest shareholder, Beijing Zhongjia Hua Information Technology Co., Ltd., holds 11.17% of shares, totaling 60,961,650 shares[92]. - Hong Kong Xiduo Lai Group Limited holds 9.34% of shares, totaling 50,948,000 shares[92]. - Jinan Development State-owned Industrial Asset Management Co., Ltd. holds 9.09% of shares, totaling 49,593,600 shares, with 4,980,703 shares frozen[92]. - The company has no significant guarantees or major contracts during the reporting period[83][86]. - There were no significant changes in shareholding structure, with limited and unlimited shares remaining at 0.03% and 99.97% respectively[90]. - The company has not reported any major matters requiring explanation during the reporting period[86]. Financial Management - The company reported a total of 123,739,000 CNY in entrusted financial management, with an occurrence amount of 43,804,000 CNY and no overdue amounts[85]. - The company has not engaged in any high-risk entrusted financial management that may lead to impairment[85]. - The company believes it has sufficient operating funds to continue its operations for at least 12 months from the approval date of the financial report[141]. - The financial statements are prepared based on the going concern principle and comply with the accounting standards set by the Ministry of Finance[143]. Operational Challenges - The company faced risks from the impact of digitalization on traditional ticketing business and rising costs of raw materials[4]. - The printing business experienced a decline in revenue in the second quarter due to the pandemic, with some clients canceling or postponing orders[29]. - The company reported a significant reduction in sales expenses, which fell to CNY 26,127,121.71 from CNY 44,475,906.78, a decrease of 41.2%[114]. - The cash flow from operating activities was significantly negative, indicating challenges in maintaining operational efficiency and profitability[121]. Accounting and Financial Reporting - The financial report was approved by the board of directors on August 18, 2022, and includes nine subsidiaries within the consolidation scope[139]. - The company uses Renminbi as its functional currency for accounting purposes[146]. - The company follows specific accounting policies for recognizing and measuring bad debt provisions, inventory, and fixed assets[142]. - The company recognizes impairment losses based on expected credit losses for financial assets measured at amortized cost and certain debt instruments[167]. - The company assesses impairment indicators for various non-current assets, including fixed assets and construction in progress, at each reporting date[199]. Future Outlook - Future outlook remains cautiously optimistic, with a focus on enhancing operational efficiency and exploring new market opportunities[137]. - The company plans to continue its market expansion and product development strategies, although specific figures and timelines are not provided in the current report[137].