Wisesoft(SZ:002253)2021-08-19 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥170,002,388.07, representing a 47.51% increase compared to ¥115,246,159.64 in the same period last year[14]. - The net profit attributable to shareholders was ¥22,491,914.67, up 40.30% from ¥16,031,002.44 year-on-year[14]. - The net profit after deducting non-recurring gains and losses was ¥19,588,620.55, an increase of 54.61% compared to ¥12,669,877.63 in the previous year[15]. - The company's basic earnings per share rose to ¥0.0997, reflecting a 40.23% increase from ¥0.0711 in the previous year[15]. - The main business revenue from traditional operations grew by 68.56% due to the recovery of aviation and air traffic control products and services[19]. - The military aviation training business achieved a breakthrough with revenue of ¥22,271,200, contributing positively to the company's performance[19]. - The company achieved operating revenue of CNY 170 million, an increase of CNY 54.76 million, representing a year-on-year growth of 47.51%[23]. - Net profit attributable to shareholders reached CNY 22.49 million, up CNY 6.46 million, a growth of 40.30% compared to the same period last year[23]. - The total profit for the first half of 2021 was RMB 22,910,160.97, an increase of 28.5% from RMB 17,882,403.73 in the first half of 2020[99]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to -¥7,088,404.65, a 88.99% increase from -¥64,366,940.00 in the same period last year[15]. - The net cash flow from operating activities improved by CNY 57.28 million, showing an increase of 88.99% year-on-year, primarily due to the recovery of contract payments[27]. - The investment activities generated a net cash outflow of CNY 69.08 million, a significant increase of 236.55% year-on-year, due to ongoing R&D investments[27]. - The financing activities resulted in a net cash outflow of CNY 22.60 million, a drastic decline of 1840.48% year-on-year, primarily due to cash dividends paid[27]. - The cash inflow from operating activities was primarily driven by an increase in sales revenue, which reached RMB 111,029,854.14, compared to RMB 75,800,390.40 in the first half of 2020, marking a growth of approximately 46.4%[104]. - The cash outflow from investing activities was RMB 69,651,872.79, compared to RMB 44,220,916.16 in the previous year, indicating a 57.4% increase in investment expenditures[104]. Assets and Liabilities - The total assets of the company amounted to CNY 1.788 billion, with total liabilities of CNY 300 million and net assets of CNY 1.488 billion[23]. - The company's total assets as of June 30, 2021, were RMB 1,638,719,231.78, slightly down from RMB 1,662,991,083.59 at the end of 2020[96]. - Total liabilities decreased to RMB 232,973,534.68 from RMB 252,105,074.13 at the end of 2020, indicating a reduction of 7.6%[96]. - The company's total equity stood at RMB 1,405,745,697.10, a slight decrease from RMB 1,410,886,009.46 at the end of 2020[96]. - The company's equity attributable to shareholders was RMB 1,429,817,678.70 as of June 30, 2021, compared to RMB 1,434,400,895.43 at the end of 2020, showing a minor decrease of about 0.3%[93]. Research and Development - Research and development expenses increased by 15.49% to CNY 15.58 million, reflecting ongoing investment in new technologies[25]. - Research and development expenses for the first half of 2021 were RMB 15,579,478.61, an increase from RMB 13,490,116.08 in the same period of 2020[97]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[97]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[51]. - The controlling shareholder, Sichuan University, plans to transfer 15,724,800 shares, representing 6.97% of the total share capital, at a price not lower than 13.81 CNY per share[69]. - The number of shareholders holding common stock at the end of the reporting period was 42,309[79]. - The largest shareholder, You Zhisheng, holds 9.13% of the shares, totaling 20,589,033 shares[79]. Risks and Compliance - The company faces risks related to talent loss and insufficient high-end talent to support rapid growth, and has adjusted compensation structures to mitigate these risks[47]. - The company maintained a good integrity status with no significant legal judgments or debts due[59]. - The company has not undergone any bankruptcy restructuring or significant litigation during the reporting period[58][62]. - The half-year report was not audited, and there were no non-standard audit reports from the previous year[58]. Accounting Policies - The financial statements are prepared based on the accrual basis and comply with the Chinese Accounting Standards[132]. - The company recognizes expected credit losses based on reasonable and evidence-based information, considering past events, current conditions, and future economic forecasts[149]. - The company uses historical credit loss experience and future economic forecasts to calculate expected credit losses for contract assets[157]. - The company applies a cost model for subsequent measurement of investment properties, adjusting the carrying amount based on fair value if it can be reliably obtained[188].