Wisesoft(SZ:002253)2019-08-22 16:00Financial Performance - The company's operating revenue for the first half of 2019 was ¥107,740,599.05, representing a 17.15% increase compared to ¥91,966,679.49 in the same period last year[13]. - Net profit attributable to shareholders decreased by 45.72% to ¥10,984,331.99 from ¥20,236,060.33 in the previous year, primarily due to non-recurring gains in 2018[14]. - The company reported a basic earnings per share of ¥0.0487, down 45.71% from ¥0.0897 in the same period last year[14]. - The company achieved operating revenue of CNY 107.74 million in the first half of 2019, an increase of 17.15% compared to the same period last year[29]. - Net profit attributable to shareholders decreased to CNY 10.98 million, down 45.72% year-on-year, primarily due to non-recurring gains from the sale of VR-related research achievements in 2018[29]. - The company reported a total profit of RMB 12,586,698.15 for the first half of 2019, compared to RMB 20,884,210.98 in the first half of 2018, a decrease of 39.5%[106]. - The company's total comprehensive income for the first half of 2019 was RMB 9,917,930.55, down from RMB 19,157,650.86 in the same period of 2018[107]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, reaching ¥2,456,495.47, a 119.82% increase from a negative cash flow of ¥12,393,993.27 in the previous year[14]. - Cash and cash equivalents decreased by ¥89,989,000, a decline of 30.94%, mainly due to investments and dividend payments[24]. - The net cash flow from operating activities for the first half of 2019 was RMB 2,456,495.47, a significant improvement from a net outflow of RMB 12,393,993.27 in the same period of 2018, representing a turnaround of approximately 119.9%[111]. - The cash outflow for investment activities was RMB 66,011,557.13, compared to RMB 35,370,008.01 in the previous year, indicating an increase of 86.5%[111]. - The net cash flow from financing activities was negative at RMB 26,293,906.79, compared to a negative RMB 24,794,601.72 in the same period last year[111]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,601,063,898.63, a slight decrease of 0.20% from ¥1,604,271,576.72 at the end of the previous year[14]. - The company's total liabilities increased to RMB 214,309,607.58 from RMB 204,352,002.06 year-over-year, reflecting a growth of approximately 4.7%[101]. - The total owner's equity decreased to RMB 1,386,754,291.05 from RMB 1,399,919,574.66, indicating a decline of about 0.9%[101]. - The company’s net assets attributable to shareholders decreased by 0.90% to ¥1,339,411,346.17 from ¥1,351,605,228.34 at the end of the previous year[14]. Research and Development - The company has made progress in the development of "three-dimensional facial recognition" products, with a high-precision camera expected to be deployed in over 1,000 units in public safety applications by the end of 2019[22]. - Research and development expenses decreased by 32.92% to CNY 21.95 million, reflecting a shift in project phases[31]. - The company has completed the development of a high-precision 3D measurement instrument, enhancing its core competitiveness and expanding into new business areas[45]. Shareholder Information - The number of shareholders at the end of the reporting period was 46,413, with significant shareholders including You Zhisheng holding 9.13% and Sichuan Zhisheng Vision Technology Co., Ltd. holding 6.99%[86]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[59]. - The controlling shareholder and actual controller remained You Zhisheng, with no changes reported during the period[89]. Compliance and Governance - The financial report was approved by the board of directors on August 22, 2019, ensuring compliance with accounting standards[135]. - The company has maintained strict compliance with its articles of association regarding the transfer of shares by directors, supervisors, and senior management[60]. - There were no significant related party transactions during the reporting period, including asset or equity acquisitions or sales[68]. Investment and Capital Management - The total amount of raised funds was CNY 434.4 million, with CNY 396.57 million already utilized by the end of the reporting period[50]. - The company invested CNY 39.2 million in Huayi Lantian Company, representing a significant increase of 4,622.89% compared to the previous year's investment of CNY 830,000[45]. - The company has a history of capital increases, with the total share capital reaching 7,488,000 shares by 2010[127]. Risk Management - The company faced no new risks or changes in risk management strategies during the reporting period[56]. - The company believes there are no significant doubts regarding its ability to continue as a going concern for the next 12 months[138].