御银股份(002177) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the reporting period was ¥41,616,765.91, a decrease of 62.36% compared to ¥110,556,790.08 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was -¥23,335,175.00, representing a decline of 190.04% from ¥25,917,434.47 in the previous year[19]. - The net cash flow from operating activities was -¥8,514,141.10, down 144.06% from ¥19,325,053.78 in the same period last year[19]. - The basic earnings per share were -¥0.0307, a decrease of 190.29% compared to ¥0.0340 in the previous year[19]. - The total profit amounted to -¥24,623,693.77, representing a decline of 184.84% year-on-year[28]. - The net profit after deducting non-recurring gains and losses was -¥4,421,890.01, a decline of 113.93% from ¥31,753,427.06 in the same period last year[19]. - The total comprehensive income for the first half of 2021 was a loss of CNY 23,357,098.27, compared to a gain of CNY 25,935,557.31 in the first half of 2020[137]. - The company reported a significant decrease in cash received from sales of goods and services, totaling 41,461,289.26 CNY in the first half of 2021, compared to 92,372,352.83 CNY in the same period of 2020, reflecting a decline in operational performance[139]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,911,818,706.19, an increase of 7.39% from ¥1,780,200,827.44 at the end of the previous year[19]. - The total liabilities rose to CNY 237,647,556.88 from CNY 75,060,666.92, marking an increase of approximately 216.5%[130]. - The company's total assets included cash of CNY 31,667,175.29, which represented 1.66% of total assets, down from 6.73% the previous year[46]. - The total equity attributable to shareholders decreased from CNY 1,705,140,160.52 to CNY 1,674,171,149.31, a decline of about 1.8%[130]. - The company's cash and cash equivalents decreased significantly from CNY 119,734,134.06 to CNY 31,667,175.29, a decline of approximately 73.5%[128]. - The total equity at the end of the reporting period was CNY 1,663,189,882.1, which includes a capital reserve of CNY 807,589,706[149]. Revenue Streams - Revenue from ATM sales dropped significantly by 99.46%, from ¥10,896,979.39 to ¥59,328.90, indicating a major decline in this segment[39]. - Revenue from ATM cooperative operations fell by 79.78% year-over-year, attributed to decreased industry demand and rising operational costs, resulting in a 70.64% decline in gross margin[42]. - Revenue from ATM technology and financial services dropped by 72.46% year-over-year, mainly due to the expiration of ATM technology services[42]. - Other business revenue declined by 75.54% year-over-year, primarily due to a decrease in ATM parts sales[42]. - The company's rental business showed stable growth, with operating lease revenue increasing by 14.85%, from ¥16,196,338.35 to ¥18,600,846.89[39]. Research and Development - The company is investing in R&D for artificial intelligence technologies to enhance financial service security and customer satisfaction[29]. - The company has accumulated a total of 300 patents, with 1 new invention patent, 4 new utility model patents, and 13 new design patents added during the reporting period[35]. - The company established a digital currency research center to develop related technologies, including digital wallets and currency exchange systems[34]. - The company aims to enhance its competitive edge through continuous technological innovation and has developed contactless cash handling devices[34]. - Research and development expenses were reduced by 43.22%, from ¥11,964,797.70 to ¥6,793,469.90, due to decreased personnel costs[37]. Market and Industry Risks - The company has highlighted various industry and market risks in its report, which investors should pay attention to[5]. - The company faces market risks due to intense competition and price declines in standardized hardware products, leading to unstable demand for new intelligent devices[67]. Corporate Governance and Shareholder Rights - The company emphasizes the protection of shareholder rights, particularly for minority shareholders, and maintains a robust internal control system[78]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[84]. - The company held its annual general meeting with a 17.25% investor participation rate on May 24, 2021[72]. - The company plans not to distribute cash dividends or issue bonus shares for the semi-annual period[74]. Financial Management and Compliance - The financial report was approved by the board of directors on August 2, 2021, indicating a structured financial oversight[159]. - The financial statements are prepared based on the going concern principle, with no significant factors affecting the company's ability to continue operations within the next 12 months[162]. - The financial report complies with the accounting standards issued by the Ministry of Finance, reflecting the company's financial position as of June 30, 2021[164]. Investment and Subsidiaries - The company reported a net asset value of 1.42 billion yuan for its subsidiary Anhui Yuyin Technology Co., Ltd., which specializes in the research and sales of ATM and cash counting machines[61]. - The subsidiary Guangzhou Yuyin Technology Co., Ltd. generated an operating revenue of approximately 4.63 million yuan but reported a net loss of about 3.93 million yuan[61]. - The company plans to establish a wholly-owned subsidiary, Hainan Yuyin Investment Holdings Co., Ltd., with a registered capital of RMB 10 million[107]. Cash Flow Management - The net cash flow from financing activities improved to 168,763,406.44 CNY in the first half of 2021, compared to a negative cash flow of -684,132.98 CNY in the same period of 2020, showing better financing management[141]. - The cash inflow from investment activities included 1,181,701,762.47 CNY from cash recovered from investments, a sharp decline from 6,003,392,094.25 CNY in the first half of 2020[139].