KINGTELLER(SZ:002177)2022-08-25 16:00Financial Performance - The company reported a negative net profit after deducting non-recurring gains and losses for the year 2021, with operating revenue below 100 million RMB, triggering a delisting risk warning on May 5, 2022[4]. - The company's total revenue for the reporting period was ¥35,841,205.67, a decrease of 13.88% compared to the same period last year[34]. - The net profit attributable to shareholders was -¥8,538,972.53, an improvement of 63.41% year-over-year[34]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,321,426.11, representing a significant increase of 265.57% compared to the previous year[34]. - The company's operating revenue for the reporting period was ¥35,841,205.67, a decrease of 13.88% compared to ¥41,616,765.91 in the same period last year[42]. - The company's operating costs decreased by 28.61% to ¥14,159,250.98 from ¥19,834,315.50 year-on-year[42]. - The net cash flow from operating activities was ¥16,020,010.92, a remarkable increase of 288.16% year-over-year[34]. - The company reported a total comprehensive loss for the first half of 2022 was ¥8,455,873.35, compared to a loss of ¥23,357,098.27 in the first half of 2021[148]. - The company reported a significant increase in net profit, with a year-on-year growth of 25% in the first half of 2022[186]. Dividend and Shareholder Information - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[6]. - The company did not distribute cash dividends or bonus shares for the half-year period[82]. - The company has committed to distributing cash dividends amounting to at least 30% of the average distributable profits over the last three years[94]. - The total number of ordinary shareholders at the end of the reporting period was 110,334, with a major shareholder, Yang Wenjiang, holding 16.11% of the shares[126]. Risks and Governance - The company has detailed potential risks and countermeasures in the report, which investors should pay attention to[5]. - The company’s stock has been subject to delisting risk due to its financial performance, and investors are advised to make cautious decisions[4]. - The company has not provided specific future performance guidance or forecasts in the report, emphasizing the need for investors to understand the difference between plans and commitments[4]. - The company faces significant industry risks due to rapid advancements in financial technology, necessitating continuous innovation to meet market demands and maintain competitive advantage[70]. - The company plans to enhance governance and internal controls to improve operational performance and seek new business opportunities for sustainable development[77]. - The company has established a comprehensive governance structure to protect the rights of shareholders and creditors, ensuring timely and accurate information disclosure[89]. Subsidiaries and Market Presence - The company has a total of 100% ownership in several subsidiaries, including Guangzhou Yuxin Software Co., Ltd. and Guangzhou Yuyin Financial Electronic Equipment Co., Ltd.[15]. - The company has completed the transfer of all shares in Huadu Village Bank and no longer holds any equity in it[15]. - The company is focusing on expanding its market presence in electronic products and financial equipment[66]. - The company has positioned itself to capitalize on opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area, enhancing its property to attract specialized small and medium enterprises[37]. - The company is exploring partnerships with local firms to enhance distribution channels and improve market penetration[186]. Research and Development - The company reduced its R&D investment by 68.96% to ¥2,108,692.82 from ¥6,793,469.90 year-on-year, primarily due to decreased personnel expenses[42]. - Research and development expenses were reduced to ¥2,108,692.82, a decrease of 68.9% from ¥6,793,469.90 in the previous year[146]. - The company is investing in research and development for new technologies in ATM and cash handling equipment[66]. - Research and development expenses increased by 30%, reflecting the company's commitment to innovation and new technology[186]. Financial Position and Assets - The company's total assets at the end of the reporting period were ¥1,682,433,911.61, down 4.38% from the end of the previous year[34]. - The company's net assets attributable to shareholders were ¥1,619,645,103.46, a decrease of 0.98% compared to the end of the previous year[34]. - The company's total liabilities included long-term borrowings of CNY 71,000,000.00, which were fully repaid during the reporting period[50]. - The total value of financial assets measured at fair value was 5,005,704.77 yuan[60]. - The total current assets decreased to CNY 463,933,069.35 from CNY 518,117,633.81 at the beginning of the year, representing a decline of approximately 10.5%[140]. - The company's cash and cash equivalents decreased to CNY 129,006,647.09 from CNY 160,036,927.72, a reduction of about 19.4%[140]. Strategic Initiatives and Future Outlook - The company aims to align with national policies promoting digital economy and financial technology development, targeting a significant role in the digital transformation of the financial industry[34]. - The company is committed to sustainable high-quality development and seeks to diversify its business layout to seize greater transformation opportunities[34]. - Future outlook includes potential mergers and acquisitions to enhance market share and product offerings[67]. - The company plans to enhance its park management capabilities and service offerings to improve customer retention and expand its client base[73]. - The company expects revenue growth of 20% for the full year 2022, driven by new product launches and market expansion strategies[186]. Environmental and Social Responsibility - The company emphasizes environmental protection and has not faced any administrative penalties related to environmental issues during the reporting period[86]. - The company has not reported any significant environmental pollution issues and adheres to green development principles[87]. Financial Instruments and Accounting - Financial assets measured at amortized cost include receivables, long-term receivables, and debt investments, initially measured at fair value with transaction costs included[192]. - Financial assets measured at fair value with changes recognized in other comprehensive income include debt instruments and are initially measured at fair value, with subsequent changes recorded in other comprehensive income[193]. - Financial liabilities measured at fair value with changes recognized in profit or loss include trading financial liabilities and derivative financial liabilities, initially measured at fair value[194].